What will be the excise duty chargeable if we take the input in manufacturing fold after taking CENVAT credit and clearing the same goods as it is or after some partial addition to it.Kindly give your clarification with reference to relevant provision of Central Excise Law.
19 April 2009
Valuation on Transaction value Sec 4 but should not be less than the purchase price, since there has been value addition. So the excise duty payable should stand higher than what was availed as cenvat credit.
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