https://www.taxtmi.com/caselaws?id=104354 Duty paid on inputs for which Modvat credit has been availed is not includible in the assessable value of the final product under excise valuation principles. The Tribunal followed the Larger Bench view that the Modvat mechanism excludes such input duty from assessable value under Section 4(1)(b) of the Central Excises and Salt Act and Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975. In captive consumption cases, the declared cost must still be checked to confirm that input duty has not already been included, so the same amount is not deducted twice. en-us Mon, 07 Apr 1997 00:00:00 +0530 Tue, 28 Feb 2012 17:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104354 Duty paid on inputs for which Modvat credit has been availed is not includible in the assessable value of the final product under excise valuation principles. The Tribunal followed the Larger Bench view that the Modvat mechanism excludes such input duty from assessable value under Section 4(1)(b) of the Central Excises and Salt Act and Rule 6(b)(ii) of the Central Excise Valuation Rules, 1975. In captive consumption cases, the declared cost must still be checked to confirm that input duty has not already been included, so the same amount is not deducted twice. Case-Laws Central Excise Mon, 07 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104354