https://www.taxtmi.com/acts?id=20021 Uniform principles are prescribed for determining packing material cost through classification, measurement, assignment, presentation and disclosure in cost statements. Packing materials are treated as primary or secondary, with valuation rules for purchased, self-manufactured, imported and reusable materials, including treatment of duties, freight, subsidies, finance costs, abnormal costs, normal losses and scrap. Packing material costs are traced or assigned to cost objects on reasonable bases, with primary packing forming part of production cost and secondary packing forming part of distribution overheads. en-us Fri, 11 Sep 2015 17:45:14 +0530 Thu, 23 Apr 2026 18:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20021 Uniform principles are prescribed for determining packing material cost through classification, measurement, assignment, presentation and disclosure in cost statements. Packing materials are treated as primary or secondary, with valuation rules for purchased, self-manufactured, imported and reusable materials, including treatment of duties, freight, subsidies, finance costs, abnormal costs, normal losses and scrap. Packing material costs are traced or assigned to cost objects on reasonable bases, with primary packing forming part of production cost and secondary packing forming part of distribution overheads. Act-Rules Companies Law Fri, 11 Sep 2015 17:45:14 +0530 https://www.taxtmi.com/acts?id=20021