https://www.taxtmi.com/caselaws?id=74221 Packing materials that are statutorily required to be returned by the buyer, with a refundable cost, are treated as returnable packing and excluded from the assessable value under Section 4 of the Central Excises and Salt Act, 1944. The Tribunal followed its earlier larger Bench ruling and distinguished the Supreme Court decision relied on by the appellant, because the present scheme did not depend on fixation of a maximum price under the Cement Control Order. On that basis, the cost of gunny bags used for cement packing was held not includible in the excise valuation, and the valuation excluding that cost was sustained. en-us Mon, 10 Aug 1987 00:00:00 +0530 Tue, 07 Jun 2011 15:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74221 Packing materials that are statutorily required to be returned by the buyer, with a refundable cost, are treated as returnable packing and excluded from the assessable value under Section 4 of the Central Excises and Salt Act, 1944. The Tribunal followed its earlier larger Bench ruling and distinguished the Supreme Court decision relied on by the appellant, because the present scheme did not depend on fixation of a maximum price under the Cement Control Order. On that basis, the cost of gunny bags used for cement packing was held not includible in the excise valuation, and the valuation excluding that cost was sustained. Case-Laws Central Excise Mon, 10 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74221