diff --git a/erpnext/stock/doctype/packed_item/packed_item.py b/erpnext/stock/doctype/packed_item/packed_item.py
index ea963ed8e89..a42bde2a572 100644
--- a/erpnext/stock/doctype/packed_item/packed_item.py
+++ b/erpnext/stock/doctype/packed_item/packed_item.py
@@ -85,7 +85,9 @@ def make_packing_list(doc):
 				parent_items.append([d.item_code, d.name])
 
 	cleanup_packing_list(doc, parent_items)
-	update_product_bundle_price(doc, parent_items)
+
+	if frappe.db.get_single_value("Selling Settings", "editable_bundle_item_rates"):
+		update_product_bundle_price(doc, parent_items)
 
 def cleanup_packing_list(doc, parent_items):
 	"""Remove all those child items which are no longer present in main item table"""