https://www.taxtmi.com/caselaws?id=357941 For valuation of body-built vehicles under central excise, the assessable value must be determined under Section 4(1)(a) of the Central Excise Act, 1944 read with Rule 11 of the 2000 Valuation Rules by reference to manufacturing cost plus the landed cost of the chassis. Where the recipient has taken admissible Cenvat credit of the duty paid on the chassis, that duty element cannot be added again to the valuation. The principle applied is that excise duty on input materials, once credit is available and availed, is excluded from the cost base for assessable value. Accordingly, the additional basic excise duty on the chassis was not includible in the assessable value and the differential demand was held unsustainable. en-us Thu, 31 Aug 2017 00:00:00 +0530 Tue, 03 Apr 2018 07:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357941 For valuation of body-built vehicles under central excise, the assessable value must be determined under Section 4(1)(a) of the Central Excise Act, 1944 read with Rule 11 of the 2000 Valuation Rules by reference to manufacturing cost plus the landed cost of the chassis. Where the recipient has taken admissible Cenvat credit of the duty paid on the chassis, that duty element cannot be added again to the valuation. The principle applied is that excise duty on input materials, once credit is available and availed, is excluded from the cost base for assessable value. Accordingly, the additional basic excise duty on the chassis was not includible in the assessable value and the differential demand was held unsustainable. Case-Laws Central Excise Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357941