https://www.taxtmi.com/caselaws?id=31126 Packing charges were excludible from assessable value where the goods were packed in corrugated boxes, cardboard cartons or shrink packs at customers' specific request, and Modvat credit on the packing materials had not been availed. Interest attributable to agreed credit sales was also deductible where purchase orders and price lists showed contractual credit periods and the claimed interest matched prevailing bank-linked rates, with no rebuttal by the department. The order allowing both deductions was therefore upheld and the Revenue challenge failed. en-us Thu, 03 Jul 2008 00:00:00 +0530 Sun, 19 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31126 Packing charges were excludible from assessable value where the goods were packed in corrugated boxes, cardboard cartons or shrink packs at customers' specific request, and Modvat credit on the packing materials had not been availed. Interest attributable to agreed credit sales was also deductible where purchase orders and price lists showed contractual credit periods and the claimed interest matched prevailing bank-linked rates, with no rebuttal by the department. The order allowing both deductions was therefore upheld and the Revenue challenge failed. Case-Laws Central Excise Thu, 03 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31126