https://www.taxtmi.com/caselaws?id=109839 Modvat credit on inputs and packing materials used in manufacturing final products remains admissible even when the final products are assessed on tariff value rather than on an ad valorem basis under Section 4. The decisive factor is actual use of the inputs or packing materials in the manufacture of the final product, not whether their cost is separately reflected in the assessable value. Where duty is fixed on tariff value or another specific basis, the requirement of tracing input cost into the valuation loses significance, and credit cannot be denied on that ground. en-us Mon, 28 Apr 2003 00:00:00 +0530 Thu, 12 Apr 2012 12:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109839 Modvat credit on inputs and packing materials used in manufacturing final products remains admissible even when the final products are assessed on tariff value rather than on an ad valorem basis under Section 4. The decisive factor is actual use of the inputs or packing materials in the manufacture of the final product, not whether their cost is separately reflected in the assessable value. Where duty is fixed on tariff value or another specific basis, the requirement of tracing input cost into the valuation loses significance, and credit cannot be denied on that ground. Case-Laws Central Excise Mon, 28 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109839