https://www.taxtmi.com/caselaws?id=49758 Excise valuation of lubricating oil had to be determined by the normal price at the time and place of removal from the factory, not by the later sale price of smaller retail packs created at depots. Repacking at a depot or packing station did not alter the assessable value when the goods were cleared from the factory in bulk or in 205 litre barrels. For oil sold in 205 litre barrels, valuation was to be based on that price less the cost of barrels; for grades not so sold, the highest available smaller packing value could be used with permissible packing deductions. Freight from factory to depot was not deductible. en-us Tue, 29 Feb 2000 00:00:00 +0530 Tue, 17 Aug 2010 13:06:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49758 Excise valuation of lubricating oil had to be determined by the normal price at the time and place of removal from the factory, not by the later sale price of smaller retail packs created at depots. Repacking at a depot or packing station did not alter the assessable value when the goods were cleared from the factory in bulk or in 205 litre barrels. For oil sold in 205 litre barrels, valuation was to be based on that price less the cost of barrels; for grades not so sold, the highest available smaller packing value could be used with permissible packing deductions. Freight from factory to depot was not deductible. Case-Laws Central Excise Tue, 29 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49758