1997 (9) TMI 413 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Chennai granted absolute stay based on the full Bench decision in the case of Dai Ichi Karkaria. The issue was whether Modvat credit on raw material should be added to assessable value, with the Tribunal ruling against it. However, freight costs for transporting inputs to job worker's premises were deemed necessary to be added to assessable value.