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of <h1>Supreme Court Admits Appeal on Modvat Credit Dispute; CEGAT Order on Input Duty Inclusion Challenged by Excise Department.</h1> The circular addresses the CEGAT Order No. 195/96-A dated January 11, 1996, involving a dispute between a company and the Collector of Central Excise. The Tribunal ruled that the duty paid on inputs, for which Modvat Credit has been taken, should not be included in the cost of raw materials when determining the assessable value of the final product. The Department challenged this decision by filing an appeal with the Supreme Court of India, which was admitted on October 7, 1996. The circular informs relevant parties of the Supreme Court's acceptance of the appeal.
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