Handling Charges not Includible in Assessable Value of Excisable Goods: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that handling charges are not to be included in the assessable value of excisable goods. This decision clarifies the definition of assessable value, ensuring that businesses can exclude certain costs from their duty calculations, which could lead to reduced tax liabilities. This ruling is significant for manufacturers and importers, impacting their pricing strategies and overall cost structures.