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of <h1>Ministry of Finance Circular: Retention Charges on Containers Must Be Included in Assessable Value per Board's View.</h1> The circular from the Ministry of Finance addresses the valuation of durable and returnable containers under Central Excise. Following a Supreme Court decision, the Board reaffirmed its previous instructions from 1982, stating they remain relevant. It highlights that some assessees charge 'retention charges' for containers kept beyond a set period, which the Tribunal deemed deductible from assessable value. However, the Board disagrees, arguing these charges are part of manufacturing costs and should be included in the assessable value. An SLP has been filed with the Supreme Court, and disputes are to be held pending until a decision is reached.
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