https://www.taxtmi.com/caselaws?id=98891 Free-supplied items from the Railways were treated as includible in the value of the final product, but the appellants were entitled to Modvat credit on the duty paid on those inputs. The demand was therefore required to be reworked after allowing admissible credit and re-quantifying the duty accordingly. Personal penalty was held unwarranted because there was no negligence by either side and the issue was debatable at the relevant time, so the penalty was deleted. en-us Tue, 04 Apr 2000 00:00:00 +0530 Tue, 24 Jan 2012 14:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98891 Free-supplied items from the Railways were treated as includible in the value of the final product, but the appellants were entitled to Modvat credit on the duty paid on those inputs. The demand was therefore required to be reworked after allowing admissible credit and re-quantifying the duty accordingly. Personal penalty was held unwarranted because there was no negligence by either side and the issue was debatable at the relevant time, so the penalty was deleted. Case-Laws Central Excise Tue, 04 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98891