https://www.taxtmi.com/caselaws?id=99637 An assembled electric generating set made up of a generator, alternator, control panel and other parts was treated as excisable goods under Heading 85.02; the argument that embedding the generator and alternator in a foundation made it immovable property was rejected, so central excise duty was prima facie leviable. The tribunal also noted that Modvat credit and exclusion of notional margin of profit had not been examined earlier, and directed fresh reconsideration of those valuation and credit issues by the lower authority when redetermining the demand after pre-deposit. en-us Fri, 31 Dec 1993 00:00:00 +0530 Sat, 28 Jan 2012 11:50:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99637 An assembled electric generating set made up of a generator, alternator, control panel and other parts was treated as excisable goods under Heading 85.02; the argument that embedding the generator and alternator in a foundation made it immovable property was rejected, so central excise duty was prima facie leviable. The tribunal also noted that Modvat credit and exclusion of notional margin of profit had not been examined earlier, and directed fresh reconsideration of those valuation and credit issues by the lower authority when redetermining the demand after pre-deposit. Case-Laws Central Excise Fri, 31 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99637