https://www.taxtmi.com/caselaws?id=90951 Modvat credit on glass bottles used for aerated water was treated as admissible for the disputed prior period because the assessee showed that the pro-rata bottle cost had entered the costing of the final product. Rule 57A denied credit only where the input cost was not includible in the assessable value, and the later exclusion of crates and glass bottles by Notification No. 36/95 (N.T.) applied only from 17-11-1995. A Chartered Accountant's certificate covering the relevant year, with quantified depreciation, breakage, and repairs costs and pro-rata allocation, was accepted as sufficient proof of inclusion in pricing and profit computation. en-us Tue, 13 Apr 1999 00:00:00 +0530 Wed, 12 Oct 2011 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90951 Modvat credit on glass bottles used for aerated water was treated as admissible for the disputed prior period because the assessee showed that the pro-rata bottle cost had entered the costing of the final product. Rule 57A denied credit only where the input cost was not includible in the assessable value, and the later exclusion of crates and glass bottles by Notification No. 36/95 (N.T.) applied only from 17-11-1995. A Chartered Accountant's certificate covering the relevant year, with quantified depreciation, breakage, and repairs costs and pro-rata allocation, was accepted as sufficient proof of inclusion in pricing and profit computation. Case-Laws Central Excise Tue, 13 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90951