https://www.taxtmi.com/caselaws?id=85146 The case involved determining whether deposit money received for returnable drums should be included in the assessable value of the finished product under Section 4 of the Central Excises and Salt Act, 1944. The authorities ruled that the deposit for returnable drums should not be part of the assessable value as the drums were considered durable and returnable based on the agreement between the parties and established legal precedents. The judgment emphasized the importance of the seller's obligation to accept and refund the deposit upon return of the packing, rather than solely focusing on the physical characteristics of the packing material. en-us Fri, 23 Dec 1994 00:00:00 +0530 Wed, 03 Aug 2011 10:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85146 The case involved determining whether deposit money received for returnable drums should be included in the assessable value of the finished product under Section 4 of the Central Excises and Salt Act, 1944. The authorities ruled that the deposit for returnable drums should not be part of the assessable value as the drums were considered durable and returnable based on the agreement between the parties and established legal precedents. The judgment emphasized the importance of the seller's obligation to accept and refund the deposit upon return of the packing, rather than solely focusing on the physical characteristics of the packing material. Case-Laws Central Excise Fri, 23 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85146