Returnable packing exclusion applies only when packing is contractually returnable by the buyer; Board directs review of cases. The exclusion of durable packing from assessable value applies only where the packing is returnable by the buyer to the assessee under an arrangement between buyer and seller; physical capability alone is insufficient. The Board directs collectors to review pending court cases and appeals in light of this principle and take action to pursue or withdraw cases accordingly.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Returnable packing exclusion applies only when packing is contractually returnable by the buyer; Board directs review of cases.
The exclusion of durable packing from assessable value applies only where the packing is returnable by the buyer to the assessee under an arrangement between buyer and seller; physical capability alone is insufficient. The Board directs collectors to review pending court cases and appeals in light of this principle and take action to pursue or withdraw cases accordingly.
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