https://www.taxtmi.com/caselaws?id=115860 The Tribunal ruled in favor of the Revenue, holding that the cost of gunny bags used for packing cement should be included in the assessable value of cement for duty assessment. The decision emphasized the importance of a formal agreement between manufacturers and buyers regarding the returnability of packing material. Since there was no documented agreement in this case, the Tribunal concluded that the cost of the gunny bags should have been part of the assessable value. The lower appellate authority's decision was set aside, and the Revenue's appeal was allowed based on established legal principles from previous Supreme Court judgments. en-us Tue, 04 Jan 2005 00:00:00 +0530 Mon, 04 Jun 2012 16:46:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115860 The Tribunal ruled in favor of the Revenue, holding that the cost of gunny bags used for packing cement should be included in the assessable value of cement for duty assessment. The decision emphasized the importance of a formal agreement between manufacturers and buyers regarding the returnability of packing material. Since there was no documented agreement in this case, the Tribunal concluded that the cost of the gunny bags should have been part of the assessable value. The lower appellate authority's decision was set aside, and the Revenue's appeal was allowed based on established legal principles from previous Supreme Court judgments. Case-Laws Central Excise Tue, 04 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115860