https://www.taxtmi.com/caselaws?id=84878 Capital investment under Notification No. 89/79-C.E. had to be computed on the face value of the plant and machinery installed in the factory, so no abatement was allowed merely because some machinery had become unfit for use. However, the valuation adopted by the Department, including amounts drawn from income-tax returns and the treatment of repairs and maintenance, required fresh examination. The face-value method was therefore upheld, but the assessment was set aside on the disputed valuation components and remanded for reconsideration. en-us Thu, 23 Nov 1995 00:00:00 +0530 Mon, 01 Aug 2011 12:39:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84878 Capital investment under Notification No. 89/79-C.E. had to be computed on the face value of the plant and machinery installed in the factory, so no abatement was allowed merely because some machinery had become unfit for use. However, the valuation adopted by the Department, including amounts drawn from income-tax returns and the treatment of repairs and maintenance, required fresh examination. The face-value method was therefore upheld, but the assessment was set aside on the disputed valuation components and remanded for reconsideration. Case-Laws Central Excise Thu, 23 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84878