TMI Blog2008 (8) TMI 952X X X X Extracts X X X X X X X X Extracts X X X X ..... his appeal against the impugned order whereby the Commissioner (Appeals) has held as under:- The Modvat Credit was admissible on the levy molasses used in the manufacture of rectified spirit which was thereafter used for the manufacture of Indian made foreign liquor (IMFL) (non excisable) and they were liable to pay the amount at the rate of 8% on the value of the rectified spirit being cleared ..... X X X X Extracts X X X X X X X X Extracts X X X X
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