https://www.taxtmi.com/caselaws?id=88599 Duty paid on inputs for which Modvat credit was availed is not includible in the assessable value of goods manufactured on job work basis under Section 4(1)(b) of the Central Excise Act and Rule 6(b)(ii) of the Central Excise (Valuation) Rules. The Tribunal distinguished Mysore Paper Mills as dealing with deduction of duty on the packed final product, and applied the Larger Bench ruling in Dai-Ichi Karkaria, which treats Modvat credit on inputs as outside the assessable value of the final product. The impugned valuation order was set aside. en-us Fri, 20 Mar 1998 00:00:00 +0530 Mon, 19 Sep 2011 18:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88599 Duty paid on inputs for which Modvat credit was availed is not includible in the assessable value of goods manufactured on job work basis under Section 4(1)(b) of the Central Excise Act and Rule 6(b)(ii) of the Central Excise (Valuation) Rules. The Tribunal distinguished Mysore Paper Mills as dealing with deduction of duty on the packed final product, and applied the Larger Bench ruling in Dai-Ichi Karkaria, which treats Modvat credit on inputs as outside the assessable value of the final product. The impugned valuation order was set aside. Case-Laws Central Excise Fri, 20 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88599