https://www.taxtmi.com/caselaws?id=87888 Excise valuation must reflect the net price actually realised where Modvat credit is contractually passed on to the buyer by reducing the sale price. The contract and price list showed a trade discount linked to Modvat benefit, and there was no specific factual challenge to that position. On that basis, duty was required to be computed after deducting the amount equal to the Modvat credit from the gross price, making the higher demand unsustainable. en-us Fri, 12 Dec 1997 00:00:00 +0530 Tue, 13 Sep 2011 16:01:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87888 Excise valuation must reflect the net price actually realised where Modvat credit is contractually passed on to the buyer by reducing the sale price. The contract and price list showed a trade discount linked to Modvat benefit, and there was no specific factual challenge to that position. On that basis, duty was required to be computed after deducting the amount equal to the Modvat credit from the gross price, making the higher demand unsustainable. Case-Laws Central Excise Fri, 12 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87888