Appellate Tribunal: Duty on inputs not part of assessable value for captively consumed goods.

The Appellate Tribunal CEGAT, New Delhi, held that duty paid on inputs is not part of the assessable value in the case of duty paid inputs used for manufacturing goods captively consumed, following precedent. The appeal was dismissed.

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The Appellate Tribunal CEGAT, New Delhi, in the case of duty paid inputs used for manufacturing goods captively consumed, held that duty paid on inputs is not part of the assessable value, following M/s. Dai Ichi Karkaria v. Collector of Central Excise, Pune. The appeal was dismissed. (1996 (5) TMI 301 - CEGAT, New Delhi)

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