2008 (9) TMI 57

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..... redit if duty is paid at each stage of the manufacturing and, therefore, the entire exercise would be revenue neutral - Admittedly, assessee has paid duty at the final stage – appeal of revenue is dismissed - 3505 of 2002 - - - Dated:- 9-9-2008 - Ashok Bhan and Dalveer Bhandari, JJ. S/Shri K. Radhakrishnan, Sr. Advocate, Ms. Aruna Gupta for P. Parmeswaran, Advocates, for the Appellant. .....

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..... this Court in the case of Empire Industries Ltd. v. UOI - 1985 (20) E.L.T. 179 (S.C.) and held that the assessee would be entitled to Modvat credit if duty is paid at each stage of the manufacturing and, therefore, the entire exercise would be revenue neutral. 3. Admittedly, against the decision of the Tribunal in Indian Rayon and Industries Ltd. (supra), Revenue did not file any appeal an .....

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