CESTAT Upholds Inclusion Of Freight In Excise Valuation For Sales; Remands Ramco Cements Case For Recalculation

The CESTAT upheld the inclusion of freight charges in excise valuation for sales in the Ramco Cements case, remanding it for recalculation. The tribunal clarified that freight forms part of the transaction value under excise law, ensuring correct tax computation. The ruling emphasizes accurate valuation practices, adherence to statutory provisions, and protects revenue without penalizing taxpayers unfairly.