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<h1>Tribunal: Excluding Modvat credit inputs from assessable value</h1> <h3>HI-TECH INDUSTRIES Versus COMMISSIONER OF CENTRAL EXCISE, COIMBATORE</h3> The Tribunal held that duty paid on inputs for which Modvat credit is availed should not be included in the assessable value of the final product. The ... Valuation The judgment dealt with whether duty paid on inputs for which Modvat credit is availed should be included in the assessable value of the final product. The Tribunal held that such duty should not be included, citing a previous decision. The appeal was allowed with consequential relief.