https://www.taxtmi.com/caselaws?id=92342 Where Modvat credit is available on inputs, duty paid on raw materials and components is not includible in the assessable value of the finished excisable goods. The Tribunal followed the Larger Bench ruling in Dai Ichi Karkaria and later decisions, and rejected the Department's contrary argument because that line of contention had already been considered and negatived. The valuation adopted by the Collector (Appeals) was therefore sustained, and the departmental challenge failed. en-us Mon, 08 Dec 1997 00:00:00 +0530 Mon, 31 Oct 2011 18:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92342 Where Modvat credit is available on inputs, duty paid on raw materials and components is not includible in the assessable value of the finished excisable goods. The Tribunal followed the Larger Bench ruling in Dai Ichi Karkaria and later decisions, and rejected the Department's contrary argument because that line of contention had already been considered and negatived. The valuation adopted by the Collector (Appeals) was therefore sustained, and the departmental challenge failed. Case-Laws Central Excise Mon, 08 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92342