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 computation of Excise Duty under the Central Excise Act, 1944 and the Central Excise Valuation Rules, 2000. The Court held that these charges do not constitute the value of goods for excise duty calculation when the sale is deemed to occur at the buyer's premises, as established in M/s Escorts JCB Ltd. vs. CCE, Delhi. The appeal by the Revenue was dismissed, affirming the Tribunal's decision that the earlier order was not stayed by the High Court.