https://www.taxtmi.com/caselaws?id=83154 Packaging materials and returnable containers whose cost is not included in the assessable value of the final product are excluded from Modvat inputs under Rule 57A, so credit on the bottles was not admissible. Disclosures in the price lists that the bottles were returnable and that packing cost was not included negatived suppression and wilful mis-statement, so the extended limitation period under Rule 57-I could not be invoked and recovery was confined to the normal period. Wrong availment of credit attracted penalty under Rule 173Q, and the penalty was sustained. en-us Thu, 23 Jul 1992 00:00:00 +0530 Mon, 11 Jul 2011 13:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83154 Packaging materials and returnable containers whose cost is not included in the assessable value of the final product are excluded from Modvat inputs under Rule 57A, so credit on the bottles was not admissible. Disclosures in the price lists that the bottles were returnable and that packing cost was not included negatived suppression and wilful mis-statement, so the extended limitation period under Rule 57-I could not be invoked and recovery was confined to the normal period. Wrong availment of credit attracted penalty under Rule 173Q, and the penalty was sustained. Case-Laws Central Excise Thu, 23 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83154