https://www.taxtmi.com/caselaws?id=203570 Yarn products made from polyester waste and similar fibres were held classifiable under Chapter Heading 55.05, following earlier Tribunal rulings on comparable goods. The cost of durable and returnable packing material was deductible from assessable value because the invoices showed a refund obligation if packing was returned intact. The claimed cash discount was disallowed, as the records did not establish a genuine discount scheme and amounts collected over the price on credit sales could not be treated as discount. The exemption claim under Notification No. 53/91-C.E. was required to be reconsidered on the basis of the correct classification and was remanded for fresh examination. en-us Tue, 07 Sep 2010 00:00:00 +0530 Sun, 05 Jun 2011 07:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203570 Yarn products made from polyester waste and similar fibres were held classifiable under Chapter Heading 55.05, following earlier Tribunal rulings on comparable goods. The cost of durable and returnable packing material was deductible from assessable value because the invoices showed a refund obligation if packing was returned intact. The claimed cash discount was disallowed, as the records did not establish a genuine discount scheme and amounts collected over the price on credit sales could not be treated as discount. The exemption claim under Notification No. 53/91-C.E. was required to be reconsidered on the basis of the correct classification and was remanded for fresh examination. Case-Laws Central Excise Tue, 07 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203570