https://www.taxtmi.com/caselaws?id=52386 Matching and assembling imported piston rings with other rings into a model-specific piston ring set was held to amount to manufacture because the process produced a distinct commercial product with a different character and use. Modvat credit on the imported rings was also held admissible: credit could not be denied merely because duty was paid on the higher value of the set, and the rings were treated as accessories cleared with the final product whose value formed part of the assessable value. The denial of credit was therefore set aside. en-us Wed, 10 Dec 2003 00:00:00 +0530 Tue, 05 Oct 2010 15:24:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52386 Matching and assembling imported piston rings with other rings into a model-specific piston ring set was held to amount to manufacture because the process produced a distinct commercial product with a different character and use. Modvat credit on the imported rings was also held admissible: credit could not be denied merely because duty was paid on the higher value of the set, and the rings were treated as accessories cleared with the final product whose value formed part of the assessable value. The denial of credit was therefore set aside. Case-Laws Central Excise Wed, 10 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52386