https://www.taxtmi.com/caselaws?id=198732 The Tribunal dismissed the Revenue's appeal, ruling in favor of the respondent by excluding the cost of packing material from the assessable value of goods. The Tribunal held that the cost of packing material should only be included if it contributes to the value of the goods or is necessary to make the goods marketable. They emphasized the importance of strict construction in interpreting Section 4 for determining assessable value, citing relevant case laws to support their decision and allowing cross-objections with consequential relief. en-us Thu, 20 Oct 2016 00:00:00 +0530 Thu, 08 Feb 2018 07:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198732 The Tribunal dismissed the Revenue's appeal, ruling in favor of the respondent by excluding the cost of packing material from the assessable value of goods. The Tribunal held that the cost of packing material should only be included if it contributes to the value of the goods or is necessary to make the goods marketable. They emphasized the importance of strict construction in interpreting Section 4 for determining assessable value, citing relevant case laws to support their decision and allowing cross-objections with consequential relief. Case-Laws Central Excise Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198732