https://www.taxtmi.com/caselaws?id=94620 Where aluminium sheets were manufactured on a job-work basis and valued under the cost-based method, the majority held that excise duty paid on inputs on which Modvat credit had been availed was not includible in the assessable value. The ruling treated Dai Ichi Karkaria as controlling, applying the principle that once Modvat credit is taken, the duty element on those inputs is not again added to the final product's valuation under the Central Excise valuation framework. The cited authorities on job-work valuation did not displace that position. A dissenting view favoured inclusion of input duty as part of manufacturing cost. en-us Mon, 19 Apr 1999 00:00:00 +0530 Fri, 02 Dec 2011 15:53:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94620 Where aluminium sheets were manufactured on a job-work basis and valued under the cost-based method, the majority held that excise duty paid on inputs on which Modvat credit had been availed was not includible in the assessable value. The ruling treated Dai Ichi Karkaria as controlling, applying the principle that once Modvat credit is taken, the duty element on those inputs is not again added to the final product's valuation under the Central Excise valuation framework. The cited authorities on job-work valuation did not displace that position. A dissenting view favoured inclusion of input duty as part of manufacturing cost. Case-Laws Central Excise Mon, 19 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94620