https://www.taxtmi.com/caselaws?id=86529 The Tribunal ruled in favor of the appellants in the appeal concerning the inclusion of duty paid on raw materials in the assessable value, holding that the duty element attributable to inputs taken as Modvat credit should not be included. However, in the issue regarding the treatment of scrap retained and sold by job workers, the Tribunal upheld the duty demanded on the amounts realized from the sale of scrap, included in the assessable value. The penalty levied in the appeals was reduced to Rs. 20,000/-, Rs. 80,000/-, and Rs. 2,000/- for the respective appeals. en-us Mon, 23 Dec 1996 00:00:00 +0530 Thu, 25 Aug 2011 14:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86529 The Tribunal ruled in favor of the appellants in the appeal concerning the inclusion of duty paid on raw materials in the assessable value, holding that the duty element attributable to inputs taken as Modvat credit should not be included. However, in the issue regarding the treatment of scrap retained and sold by job workers, the Tribunal upheld the duty demanded on the amounts realized from the sale of scrap, included in the assessable value. The penalty levied in the appeals was reduced to Rs. 20,000/-, Rs. 80,000/-, and Rs. 2,000/- for the respective appeals. Case-Laws Central Excise Mon, 23 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86529