https://www.taxtmi.com/caselaws?id=95247 The tribunal upheld the authorities' decision in a case concerning the calculation of the differential duty on cotton yarn, emphasizing that duty was payable on the warped and wound yarn, treating both bought out and internally manufactured yarn as raw materials for duty calculation. The tribunal rejected the appellant's arguments regarding the inclusion of notional profit in the assessable value, entitlement to Modvat credit, and determination of assessable value for duty calculation, affirming that the duty calculation was specific to the warped and wound yarn without allowing for Modvat credit on bought out yarn. en-us Mon, 11 Dec 2000 00:00:00 +0530 Fri, 09 Dec 2011 11:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95247 The tribunal upheld the authorities' decision in a case concerning the calculation of the differential duty on cotton yarn, emphasizing that duty was payable on the warped and wound yarn, treating both bought out and internally manufactured yarn as raw materials for duty calculation. The tribunal rejected the appellant's arguments regarding the inclusion of notional profit in the assessable value, entitlement to Modvat credit, and determination of assessable value for duty calculation, affirming that the duty calculation was specific to the warped and wound yarn without allowing for Modvat credit on bought out yarn. Case-Laws Central Excise Mon, 11 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95247