https://www.taxtmi.com/forum/issue?id=105902 Excise liability on drums depends on whether their cost forms part of the assessable value of cleared goods or they qualify as returnable packing material. If drums are not returned, their cost is included in transaction value and attracts duty; local purchase may bar CENVAT credit. If CENVAT credit was availed and drums are removed as such, Rule 3(5) requires reversal equal to credit taken. For returnable packaging amortisation of cost is included in assessable value; one time packaging cost is included in full. en-us Fri, 19 Jul 2013 17:39:46 +0530 Thu, 23 Jan 2025 15:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105902 Excise liability on drums depends on whether their cost forms part of the assessable value of cleared goods or they qualify as returnable packing material. If drums are not returned, their cost is included in transaction value and attracts duty; local purchase may bar CENVAT credit. If CENVAT credit was availed and drums are removed as such, Rule 3(5) requires reversal equal to credit taken. For returnable packaging amortisation of cost is included in assessable value; one time packaging cost is included in full. Discussion-Forum Central Excise Fri, 19 Jul 2013 17:39:46 +0530 https://www.taxtmi.com/forum/issue?id=105902