https://www.taxtmi.com/caselaws?id=91543 Discount actually available under the purchase order had to be deducted while valuing the PCC poles, so the assessable value and duty were required to be recomputed with admissible Modvat credit taken into account. Manufacture without licence supported confiscation of the seized poles and the redemption amount, and the later plea that some goods were semi-finished was not entertained because it had not been raised earlier. The penalty was also maintained as modest and consistent with the contravention. The appeal succeeded only to the limited extent of recalculation of value and duty after allowing the discount and credit. en-us Fri, 21 Feb 1997 00:00:00 +0530 Wed, 19 Oct 2011 11:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91543 Discount actually available under the purchase order had to be deducted while valuing the PCC poles, so the assessable value and duty were required to be recomputed with admissible Modvat credit taken into account. Manufacture without licence supported confiscation of the seized poles and the redemption amount, and the later plea that some goods were semi-finished was not entertained because it had not been raised earlier. The penalty was also maintained as modest and consistent with the contravention. The appeal succeeded only to the limited extent of recalculation of value and duty after allowing the discount and credit. Case-Laws Central Excise Fri, 21 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91543