https://www.taxtmi.com/caselaws?id=102917 Assembled diesel generator sets were treated as dutiable excisable goods, following prior Tribunal authority on similar assembled products. For valuation, the assessable value had to be recomputed in line with Dai Ichi Karkaria, so duty taken as Modvat credit was excluded from the cost base. Modvat credit was also to be considered despite non-filing of a Rule 57G declaration, where the remaining substantive conditions were satisfied and duty had been demanded later. The assessee therefore obtained limited relief on valuation and credit, but not on the basic duty liability of the assembled goods. en-us Fri, 05 Dec 1997 00:00:00 +0530 Thu, 16 Feb 2012 18:23:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102917 Assembled diesel generator sets were treated as dutiable excisable goods, following prior Tribunal authority on similar assembled products. For valuation, the assessable value had to be recomputed in line with Dai Ichi Karkaria, so duty taken as Modvat credit was excluded from the cost base. Modvat credit was also to be considered despite non-filing of a Rule 57G declaration, where the remaining substantive conditions were satisfied and duty had been demanded later. The assessee therefore obtained limited relief on valuation and credit, but not on the basic duty liability of the assembled goods. Case-Laws Central Excise Fri, 05 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102917