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<h1>Tribunal allows Modvat credit deduction for copper cables & strips</h1> The Tribunal ruled in favor of the appellant, allowing the deduction for Modvat credit in the assessable value for copper cables and strips. The impugned ... Valuation - Modvat element The appeals were related to price lists filed by M/s. Incab Industries Ltd. for copper cables and strips. The dispute was about including Modvat credit in the assessable value. The Tribunal ruled in favor of the appellant, allowing the deduction for Modvat credit in line with previous decisions. The impugned orders were set aside, and the appeals were allowed.
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