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valuation of excise

kritika (student) (41 Points)

04 October 2017

is cost of durable and returnable

packing included in AV?

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Romil Davda (Article) (111 Points)
Replied 04 October 2017

In the case of M/s. Tata Chemicals Ltd. V/s Collector of Central Excise it was held by Supreme Court that Cost of Returnable Packing Material need not to be included in assessable value.

kritika (student) (41 Points)
Replied 04 October 2017

some theories say that it is to be included on a proportionate basis...what is the ultimate conclusion?

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Romil Davda (Article) (111 Points)
Replied 04 October 2017

packing material included but material which are returnable should not be included...
i am not aware of proportionate addition...so my opinion will be
packing material - included
if returnable - not included..