https://www.taxtmi.com/caselaws?id=91716 Modvat credit was held admissible on additional customs duty paid on a machine re-imported after repair. The re-import exemption notification merely fixed a concessional assessable value by reference to repair charges, insurance and freight; it did not change the levy into duty paid only on repair-related charges. Because the additional customs duty was paid on the re-imported capital goods themselves, the reduced assessable value did not negate the character of the duty or justify denial of credit. The authorities' view that no duty had been paid on the capital goods was unsustainable, and the denial of credit was set aside in favour of the assessee. en-us Mon, 04 Jan 1999 00:00:00 +0530 Thu, 20 Oct 2011 13:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91716 Modvat credit was held admissible on additional customs duty paid on a machine re-imported after repair. The re-import exemption notification merely fixed a concessional assessable value by reference to repair charges, insurance and freight; it did not change the levy into duty paid only on repair-related charges. Because the additional customs duty was paid on the re-imported capital goods themselves, the reduced assessable value did not negate the character of the duty or justify denial of credit. The authorities' view that no duty had been paid on the capital goods was unsustainable, and the denial of credit was set aside in favour of the assessee. Case-Laws Central Excise Mon, 04 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91716