https://www.taxtmi.com/caselaws?id=342394 The Tribunal held that the cost of packing material should not be included in the transaction value of excisable goods if the goods are marketable without specific packing. In this case, as the PET containers were marketable without the corrugated cartons provided by the buyer, the Tribunal allowed the cross objections and dismissed the Revenue's appeal. Additionally, the penalty waiver was deemed applicable based on the interpretation of Section 4 of the Central Excise Act, leading to the dismissal of the Revenue's appeal regarding penalty imposition for the extended period. en-us Thu, 20 Oct 2016 00:00:00 +0530 Wed, 03 May 2017 10:05:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342394 The Tribunal held that the cost of packing material should not be included in the transaction value of excisable goods if the goods are marketable without specific packing. In this case, as the PET containers were marketable without the corrugated cartons provided by the buyer, the Tribunal allowed the cross objections and dismissed the Revenue's appeal. Additionally, the penalty waiver was deemed applicable based on the interpretation of Section 4 of the Central Excise Act, leading to the dismissal of the Revenue's appeal regarding penalty imposition for the extended period. Case-Laws Central Excise Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342394