https://www.taxtmi.com/caselaws?id=74188 The cost of a reel centre core used for winding paper was held includible in assessable value for central excise because packing used in wholesale marketing forms part of value under section 4(4)(d)(i), unless it is durable and returnable by the buyer. The reel centre core was treated as packing within the statutory explanation, and no case was made that it fell within the exclusion for durable returnable packing. The excise valuation adopted by the lower authorities was therefore sustained. en-us Tue, 31 Mar 1987 00:00:00 +0530 Tue, 07 Jun 2011 12:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74188 The cost of a reel centre core used for winding paper was held includible in assessable value for central excise because packing used in wholesale marketing forms part of value under section 4(4)(d)(i), unless it is durable and returnable by the buyer. The reel centre core was treated as packing within the statutory explanation, and no case was made that it fell within the exclusion for durable returnable packing. The excise valuation adopted by the lower authorities was therefore sustained. Case-Laws Income Tax Tue, 31 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74188