https://www.taxtmi.com/caselaws?id=44540 The Supreme Court ruled that the value of wrapping paper must be included in the assessment of excise duty if it is used to make goods marketable for sale in the wholesale market. The Court applied the principle that if goods are typically wrapped for marketability, the wrapping paper's value is part of the goods' value. It clarified that duty paid on internally manufactured wrapping paper cannot be deducted from the wholesale price of goods. The interpretation of relevant sections of the Central Excise Act led the Court to decide in favor of including the value of wrapping paper and duty paid on it in the assessment of wrapped goods for excise duty. en-us Thu, 03 Apr 1997 00:00:00 +0530 Sat, 05 Jul 2014 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44540 The Supreme Court ruled that the value of wrapping paper must be included in the assessment of excise duty if it is used to make goods marketable for sale in the wholesale market. The Court applied the principle that if goods are typically wrapped for marketability, the wrapping paper's value is part of the goods' value. It clarified that duty paid on internally manufactured wrapping paper cannot be deducted from the wholesale price of goods. The interpretation of relevant sections of the Central Excise Act led the Court to decide in favor of including the value of wrapping paper and duty paid on it in the assessment of wrapped goods for excise duty. Case-Laws Central Excise Thu, 03 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44540