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2011 (11) TMI 560

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..... that the Apex Court observed that such value may be derived with reference to wholesale price, retail price or average price at which the goods are sold by the manufacturer concerned or even by the price at which the goods are sold by any particular person or place or the average price, which the goods command in the whole country or any part thereof. Based on the observation of the Hon’ble Suprem .....

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..... on Paper Tubes and Spin Finish Oil, Cones, etc., used as packing materials. Proceedings were initiated since the department entertained a view that modvat credit is not admissible on the packing materials as the value of the same is not included which was the requirement for allowing the modvat credit during the relevant period under the existing Rules. 2. Heard learned AR. The department s con .....

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..... e goods. He has also stated that the Apex Court observed that such value may be derived with reference to wholesale price, retail price or average price at which the goods are sold by the manufacturer concerned or even by the price at which the goods are sold by any particular person or place or the average price, which the goods command in the whole country or any part thereof. Based on the obser .....

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