https://www.taxtmi.com/caselaws?id=50789 The Appellate Tribunal CEGAT found in favor of the appellants in a case concerning the valuation of goods for duty demand and eligibility for Modvat credit. The Tribunal directed the deletion of the notional profit addition in the valuation, emphasized the eligibility of testing equipment for Modvat credit pending detailed findings on usage, and considered the time bar issue. The impugned order was set aside, and the case was remitted for fresh adjudication by the competent authority to establish the correct factual position. en-us Tue, 04 Sep 2001 00:00:00 +0530 Wed, 08 Sep 2010 15:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50789 The Appellate Tribunal CEGAT found in favor of the appellants in a case concerning the valuation of goods for duty demand and eligibility for Modvat credit. The Tribunal directed the deletion of the notional profit addition in the valuation, emphasized the eligibility of testing equipment for Modvat credit pending detailed findings on usage, and considered the time bar issue. The impugned order was set aside, and the case was remitted for fresh adjudication by the competent authority to establish the correct factual position. Case-Laws Central Excise Tue, 04 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50789