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<h1>Tribunal upholds Modvat credit on gray fabrics, dismissing Revenue's appeals.</h1> The Tribunal upheld the Commissioner (Appeals)'s decision to allow deemed Modvat credit on gray fabrics, as duty had been charged from the job workers, ... Cenvat/Modvat - Deemed credit The issue in the appeals was the denial of deemed Modvat credit on gray fabrics. The Commissioner (Appeals) reversed the disallowance as duty had been charged from the job workers. The Tribunal upheld the Commissioner's order, dismissing the Revenue's appeals.
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