https://www.taxtmi.com/caselaws?id=1835 Modvat credit on glass bottles used to pack aerated water was held admissible where the assessee had filed a cost statement and declaration showing that the bottles' value formed part of the assessable value of the final product. The original authority accepted that evidence, and the appellate authority could not discard that factual finding without a sufficient basis. A reasonable view supported by relevant material could not be disturbed in appellate jurisdiction merely because another view was possible. The denial of credit was therefore unsustainable, and credit was available to the assessee. en-us Wed, 28 Feb 2007 00:00:00 +0530 Tue, 15 Apr 2008 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1835 Modvat credit on glass bottles used to pack aerated water was held admissible where the assessee had filed a cost statement and declaration showing that the bottles' value formed part of the assessable value of the final product. The original authority accepted that evidence, and the appellate authority could not discard that factual finding without a sufficient basis. A reasonable view supported by relevant material could not be disturbed in appellate jurisdiction merely because another view was possible. The denial of credit was therefore unsustainable, and credit was available to the assessee. Case-Laws Central Excise Wed, 28 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1835