GEEP INDL. SYNDICATE LTD. vs COLLECTOR OF CENTRAL EXCISE — C.A. No. 4608 - 4610/1996

The Supreme Court held that the value of 7-ply corrugated cartons used by Geep Industrial Syndicate Ltd. (a battery and torch manufacturer) should be excluded from excisable value, as the factual situation was identical to its 1986 decision where such outermost packing was found unnecessary for placing goods in their ordinary wholesale market condition at the factory gate. The Court clarified that packing costs are includible only if necessary to put goods in the condition they are generally sold wholesale at the factory gate, judged by the manufacturer's conduct, and affirmed that the assessee's appeals should succeed on this precedent basis. This case analysis is maintained by casestatus.in based on publicly available court records.