Printing blocks used repeatedly in carton manufacture are not includible in assessable value when they do not form part of finished goods.

The value of printing blocks used repeatedly in manufacturing printed cartons is not includible in the assessable value of the cartons when the blocks do not form part of the finished goods. The Tribunal noted that the blocks were supplied by customers or arranged for delivery to the assessee and were used as tools in the printing process rather than as components of the cartons. Applying an earlier Tribunal view, it treated such blocks as outside the valuation base for the printed cartons.

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Issues: Whether the value of printing blocks used in printing cartons could be included in the assessable value of the printed cartons.

Analysis: The assessee used printing blocks repeatedly for the manufacture of cartons or labels. In the facts noted, the blocks were either supplied by customers or arranged for delivery to the assessee, and they did not form part of the finished cartons. The issue was treated as already settled by the Tribunal in an earlier decision holding that the value of such printing blocks was not includible in the valuation of printed cartons.

Conclusion: The value of the printing blocks was not includible in the assessable value of the printed cartons, and the appeal was allowed.

Ratio Decidendi: Where printing blocks are used repeatedly in the manufacture of printed cartons and do not form part of the finished goods, their value cannot be added to the assessable value of the cartons.

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