https://www.taxtmi.com/caselaws?id=327399 The Supreme Court ruled that the cost of packing material should not be included in the transaction valuation under Section 4 of the Central Excise Act for a company manufacturing Filament Yarn. The Court considered the nature of the packing material as durable and returnable, concluding that it should not impact the valuation. The decision, upholding the respondent's appeal, was supported by references to previous judgments. The appeal was dismissed, affirming the decision of the Commissioner (Appeals) and the CESTAT, providing clarity on the treatment of packing material costs in excise duty valuation. en-us Mon, 11 Apr 2016 00:00:00 +0530 Wed, 19 Oct 2016 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327399 The Supreme Court ruled that the cost of packing material should not be included in the transaction valuation under Section 4 of the Central Excise Act for a company manufacturing Filament Yarn. The Court considered the nature of the packing material as durable and returnable, concluding that it should not impact the valuation. The decision, upholding the respondent's appeal, was supported by references to previous judgments. The appeal was dismissed, affirming the decision of the Commissioner (Appeals) and the CESTAT, providing clarity on the treatment of packing material costs in excise duty valuation. Case-Laws Central Excise Mon, 11 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327399