https://www.taxtmi.com/caselaws?id=54080 Freight charged on an equalised basis and separate bottle rental charges were treated as not forming part of the assessable value of aerated waters, because neither represented an additional price element linked to manufacture or removal from the factory gate. Modvat credit on bottles was allowed because the cost of the packing material had already been included in the assessable value of the finished product; credit could not be denied merely because the containers were durable. The stated principle is that separately ascertainable transport charges and ancillary rental charges are excluded from valuation, while credit is admissible where packing cost enters the assessable value. en-us Wed, 20 Apr 2005 00:00:00 +0530 Sat, 16 Oct 2010 17:18:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54080 Freight charged on an equalised basis and separate bottle rental charges were treated as not forming part of the assessable value of aerated waters, because neither represented an additional price element linked to manufacture or removal from the factory gate. Modvat credit on bottles was allowed because the cost of the packing material had already been included in the assessable value of the finished product; credit could not be denied merely because the containers were durable. The stated principle is that separately ascertainable transport charges and ancillary rental charges are excluded from valuation, while credit is admissible where packing cost enters the assessable value. Case-Laws Central Excise Wed, 20 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54080