Cost of Returnable Packing Material not to be included in assessable value– SC

CA Urvashi Porwal Brief of the Case 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. Brief Facts There was an arrangement between the manufacturer and their customers to return the durable packing, namely, gunny bags, and accordingly the claim put forth by them that the value of gunny bags used for packing soda ash manufactured by them should be excluded in finding out the   assessable value. Dispute with regard to these gunny bags betwe...