https://www.taxtmi.com/caselaws?id=54717 Tool kits supplied with motor vehicles or chassis were held not to be inputs used in or in relation to manufacture, because they are supplied after manufacture and are meant for maintenance and repair; Modvat credit on such kits was therefore inadmissible. However, if the value of the tool kits had already been included in the assessable value of the vehicles or chassis, recovery of the credit had to be adjusted against any excess duty paid to avoid double recovery. As the record was insufficient on that quantification, the recovery question was remanded for fresh verification and computation, and penalty was set aside as the dispute involved interpretation of law. en-us Mon, 05 Dec 2005 00:00:00 +0530 Sat, 06 Apr 2024 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54717 Tool kits supplied with motor vehicles or chassis were held not to be inputs used in or in relation to manufacture, because they are supplied after manufacture and are meant for maintenance and repair; Modvat credit on such kits was therefore inadmissible. However, if the value of the tool kits had already been included in the assessable value of the vehicles or chassis, recovery of the credit had to be adjusted against any excess duty paid to avoid double recovery. As the record was insufficient on that quantification, the recovery question was remanded for fresh verification and computation, and penalty was set aside as the dispute involved interpretation of law. Case-Laws Central Excise Mon, 05 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54717