Supreme Court’s judgement on cost of returnable packing – Board alerts field
Board has communicated to the field an important judgement of the Supreme Court carried by us nearly three months ago. '' . The Supreme Court held that the value of durable containers which were not returned is to be included in the value. The Board says that this is an important judgement in favour of revenue and should be circulated and brought to the knowledge of the field staff. Pray, what is the relevance of this order after 1.7.2000, when Transaction value was introduced?
CBEC Circular No. 814/11/2005, Dated: May 9, 2005
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