https://www.taxtmi.com/caselaws?id=88746 In excise valuation, duty paid on inputs taken as Modvat credit is not to be included in the cost of inputs for determining the assessable value of the finished product, provided the input price itself includes that duty element. Freight for transporting raw material to the factory is not separately addable where it was already part of the job charges recovered. Cost of input wastage and similar additions must be recomputed on the correct basis and loaded into the cum-duty price, after which the assessable value is worked back by excluding the duty element. en-us Fri, 23 Jan 1998 00:00:00 +0530 Wed, 21 Sep 2011 10:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88746 In excise valuation, duty paid on inputs taken as Modvat credit is not to be included in the cost of inputs for determining the assessable value of the finished product, provided the input price itself includes that duty element. Freight for transporting raw material to the factory is not separately addable where it was already part of the job charges recovered. Cost of input wastage and similar additions must be recomputed on the correct basis and loaded into the cum-duty price, after which the assessable value is worked back by excluding the duty element. Case-Laws Central Excise Fri, 23 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88746