https://www.taxtmi.com/caselaws?id=51165 Modvat credit was held admissible on duty paid on raw materials used to manufacture packing material for batteries assessed under the MRP-based valuation scheme in Section 4A of the Central Excise Act, 1944. The analysis noted that the notified retail price under Section 4A includes packing charges and other elements up to retail sale, subject only to the statutory abatement, and that the credit provisions did not bar Modvat merely because the packing was secondary. Because the packing material formed part of the value of the final product for MRP assessment, there was no legal basis to deny credit on inputs used in its manufacture. The denial of credit was therefore unsustainable. en-us Fri, 15 Mar 2002 00:00:00 +0530 Thu, 23 Sep 2010 11:05:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51165 Modvat credit was held admissible on duty paid on raw materials used to manufacture packing material for batteries assessed under the MRP-based valuation scheme in Section 4A of the Central Excise Act, 1944. The analysis noted that the notified retail price under Section 4A includes packing charges and other elements up to retail sale, subject only to the statutory abatement, and that the credit provisions did not bar Modvat merely because the packing was secondary. Because the packing material formed part of the value of the final product for MRP assessment, there was no legal basis to deny credit on inputs used in its manufacture. The denial of credit was therefore unsustainable. Case-Laws Central Excise Fri, 15 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51165