2015 (10) TMI 644

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..... fication, or to pay duty on the final product by taking Modvat credit in terms of the Central Excise Rules, 1944. In the present case, the Tribunal had held to the contrary. - In view of the decision in M/s Grand Card Industries and Ors. (supra), the question of law are answered against the Revenue and in favour of the assessee. - Decided in favour of assessee. - Central Excise Appeal Reference N .....

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..... s available to the unit as SSI unit on the clearance upto that value? In the case of Commissioner of Central Excise v. M/s. Grand Card Industries and Ors.: CEAR 7/2000, decided on 18-12-2013, this Court held that the assessee - an SSI unit, had the option to either avail the exemption in terms of applicable notification, or to pay duty on the final product by taking Modvat credit in terms of th .....

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