TIOL-DDT 1671 · Thursday, 11 August 2011 · story 7 of 10
Central Excise - Valuation - Cost of packing of motorcycles cleared to Depot to be included in assessable value - SC
By Vijay Kumar
THE Supreme Court, in a judgement delivered yesterday held that where the goods are delivered in a packed condition, at the time of removal, the cost of such packing shall be included and that only where such packing is of a durable nature and is returnable by the buyer to the assessee, should the cost of such packing be not included in the value of the goods. This was a case under the old Section 4. We bring you this judgement today.