https://www.taxtmi.com/caselaws?id=81928 The Tribunal rejected the appeal, affirming that Modvat Credit availed by the respondents should not be part of the assessable value of their final products. The decision was based on the interpretation of relevant legal provisions and previous rulings, emphasizing that Modvat Credit reduces the cost of the final product but does not automatically reduce the assessable value as determined by Section 4 of the Act. The Tribunal found that the declared wholesale price was appropriate, and in the absence of related party involvement, Modvat Credit should not impact the assessable value. en-us Tue, 14 Jul 1992 00:00:00 +0530 Wed, 29 Jun 2011 17:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81928 The Tribunal rejected the appeal, affirming that Modvat Credit availed by the respondents should not be part of the assessable value of their final products. The decision was based on the interpretation of relevant legal provisions and previous rulings, emphasizing that Modvat Credit reduces the cost of the final product but does not automatically reduce the assessable value as determined by Section 4 of the Act. The Tribunal found that the declared wholesale price was appropriate, and in the absence of related party involvement, Modvat Credit should not impact the assessable value. Case-Laws Central Excise Tue, 14 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81928