https://www.taxtmi.com/caselaws?id=89223 Rule 57A was read to allow Modvat credit on packing materials where their cost formed part of the assessable value of the final product. Glass bottles and plastic crates used for aerated water were therefore eligible, and reusable or durable packing could be valued on a pro rata basis rather than excluded merely because it was returnable. The earlier view treating such packing as creditable was followed. The separate credit of Rs. 60,309.72 was, however, found to have been wrongly taken and its disallowance was sustained. en-us Fri, 05 Sep 1997 00:00:00 +0530 Sat, 24 Sep 2011 11:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89223 Rule 57A was read to allow Modvat credit on packing materials where their cost formed part of the assessable value of the final product. Glass bottles and plastic crates used for aerated water were therefore eligible, and reusable or durable packing could be valued on a pro rata basis rather than excluded merely because it was returnable. The earlier view treating such packing as creditable was followed. The separate credit of Rs. 60,309.72 was, however, found to have been wrongly taken and its disallowance was sustained. Case-Laws Central Excise Fri, 05 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89223