Commissioner Of Central Excise,Noida vs M/S. Accurate Meters Ltd

The Supreme Court addressed whether 'freight' and 'insurance charges' should be included in the value of goods for excise duty calculation under the Central Excise Act, 1944 and the Central Excise Valuation Rules, 2000. The Court held that since the sale occurred at the buyer's premises, as established by the facts, these charges are not to be included in the valuation. The appeal by the Revenue was dismissed, affirming the lower tribunal's decision that the earlier ruling was applicable and no stay order was in place.