Reusable container value to be included in assessable value again

Amortisation of reusable container costs must be included in assessable value when not otherwise accounted, affecting valuation and credit.
Durable or reusable container costs should be amortised and included in the product's assessable value for excise and MRP valuation; refundable deposits need not be added where such amortisation and inclusion are demonstrated. Chartered accountant certificates alone are not conclusive-adjudicating authorities must verify by audit or other measures before accepting inclusion, and should issue fresh speaking orders after affording a hearing. Cenvat credit on reusable containers is claimable subject to the conditions of the Cenvat credit rules. (AI Summary)