https://www.taxtmi.com/caselaws?id=40049 Corrugated fibre board containers used to pack cigarettes were treated as packing ordinarily includible in assessable value where the goods are sold in that packed condition at the factory gate. The majority applied section 4(4)(d)(i) to hold that packing forms part of value when it is part of the condition in which goods are generally sold in wholesale trade; a dissent viewed the containers as mere transit protection. The Court also held that promissory estoppel bound the revenue for the period covered by the governmental representation, since the manufacturers had altered their position on that assurance and the representation was within lawful power. en-us Mon, 30 Sep 1985 00:00:00 +0530 Wed, 03 May 2017 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40049 Corrugated fibre board containers used to pack cigarettes were treated as packing ordinarily includible in assessable value where the goods are sold in that packed condition at the factory gate. The majority applied section 4(4)(d)(i) to hold that packing forms part of value when it is part of the condition in which goods are generally sold in wholesale trade; a dissent viewed the containers as mere transit protection. The Court also held that promissory estoppel bound the revenue for the period covered by the governmental representation, since the manufacturers had altered their position on that assurance and the representation was within lawful power. Case-Laws Central Excise Mon, 30 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40049