https://www.taxtmi.com/caselaws?id=88948 Where finished goods are sold at a genuine contract price under a filed Part II price list, the assessable value under Section 4 of the Central Excise Act, 1944 is confined to the declared trade price if it reflects the normal course of sale. Modvat credit availed on inputs is not added to that value unless there is material showing that the buyer had to pay an amount over and above the agreed price on that account. On that basis, the Modvat credit was held not includible in assessable value, and the departmental appeal failed. en-us Tue, 05 Aug 1997 00:00:00 +0530 Thu, 22 Sep 2011 13:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88948 Where finished goods are sold at a genuine contract price under a filed Part II price list, the assessable value under Section 4 of the Central Excise Act, 1944 is confined to the declared trade price if it reflects the normal course of sale. Modvat credit availed on inputs is not added to that value unless there is material showing that the buyer had to pay an amount over and above the agreed price on that account. On that basis, the Modvat credit was held not includible in assessable value, and the departmental appeal failed. Case-Laws Central Excise Tue, 05 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88948