https://www.taxtmi.com/caselaws?id=114570 Repacking cost is includible in assessable value where goods are purchased on duty, repacked by the buyer, and resold, unless reliable evidence shows that such cost was already embedded in the original sale price. A cost accountant's certificate unsupported by verifiable records or contractual corroboration is insufficient to exclude that element from valuation. Suppression of the non-inclusion of repacking cost and of the true receipt of materials for repacking can justify invocation of the extended period of limitation. Penalties remain sustainable on such facts, though the quantum may be reduced in appropriate circumstances. en-us Tue, 26 Oct 2004 00:00:00 +0530 Fri, 18 May 2012 10:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114570 Repacking cost is includible in assessable value where goods are purchased on duty, repacked by the buyer, and resold, unless reliable evidence shows that such cost was already embedded in the original sale price. A cost accountant's certificate unsupported by verifiable records or contractual corroboration is insufficient to exclude that element from valuation. Suppression of the non-inclusion of repacking cost and of the true receipt of materials for repacking can justify invocation of the extended period of limitation. Penalties remain sustainable on such facts, though the quantum may be reduced in appropriate circumstances. Case-Laws Central Excise Tue, 26 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114570