https://www.taxtmi.com/caselaws?id=107033 For deemed Modvat credit under Notification No. 58/97, the invoice price of inputs may include freight, insurance, sales tax and other charges shown in the manufacturer's invoice. The notification's explanation defined "invoice price" as the price charged by the manufacturer and reflected in the invoice, and the Board circular clarified that such invoice under Section 3A may include those stated charges. Read together, these instruments require credit to be computed on the full invoice amount where the downstream manufacturer pays that amount by cheque. The practical effect is that the stated ancillary charges form part of the credit base. en-us Mon, 16 Dec 2002 00:00:00 +0530 Sat, 17 Mar 2012 11:27:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107033 For deemed Modvat credit under Notification No. 58/97, the invoice price of inputs may include freight, insurance, sales tax and other charges shown in the manufacturer's invoice. The notification's explanation defined "invoice price" as the price charged by the manufacturer and reflected in the invoice, and the Board circular clarified that such invoice under Section 3A may include those stated charges. Read together, these instruments require credit to be computed on the full invoice amount where the downstream manufacturer pays that amount by cheque. The practical effect is that the stated ancillary charges form part of the credit base. Case-Laws Central Excise Mon, 16 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107033