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<h1>Supreme Court: Exclusion of Modvat excise duty from production cost clarified</h1> <h3>Commissioner of Central Excise, Pune Versus Kripa Chemicals (P) Ltd.</h3> The Supreme Court held that excise duty paid on raw material, if Modvatted, should not be included in determining the cost of production for excisable ... - The Supreme Court judgment discussed the calculation of the cost of production for excisable products. It was clarified that excise duty paid on raw material, if Modvatted, should not be included in determining the cost of production. The judgment also addressed the inclusion of profit earned by job workers in determining excisable value. The appeal was disposed of based on these considerations.