1997 (6) TMI 320

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..... : K. Sankararaman, Member (T)]. The Respondent had entered into a works contract with certain customers for supply of copper cables and strips. The relevant contracts provided for the price to be paid by such customers which consisted of the price of the raw material plus the processing charges minus duty paid on input on which Modvat credit was available. The Assistant Collector directed th .....

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..... cision. On such afresh decision by the Assistant Collector which was upheld by the Collector (Appeals) the present respondents approached the Tribunal in Appeal No. E/01/92-A. It was held by the Tribunal that the element of Modvat credit taken on the inputs should not be added to the declared assessable value of the final product. See Final Order No. 90/94-A, dated 29-4-94 [1995 (75) E.L.T. 131 (T .....

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