1997 (2) TMI 215 - AT - Central Excise

Summary

The appellant, engaged in manufacturing Enamelled Copper Winding Wires, claimed deduction of Modvat credit from the value in price lists, which was denied by lower authorities. The Tribunal held that if the price was reduced due to Modvat credit benefit, it should be the basis for assessable value. The case was remanded for reconsideration by the adjudicating authority. Appeal allowed.