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of <h1>Madras HC dismisses appeal on modvat credit for duty paid on inputs used in manufacturing exempted final products</h1> <h3>Commissioner Versus Sudarsanam Spinning Mills</h3> The Madras HC dismissed the appeal on modvat credit for duty paid on inputs used in manufacturing exempted final products, relying on a previous judgment ... MODVAT credit - Whether the CESTAT is right in allowing modvat credit of duty paid on inputs Furnace Oil/LSHS used in the manufacture of exempted final products? - Held that: - the issue stands decided in the case of The Commissioner of Central Excise, Tirunelveli v. M/s. Rajapalayam Mills Ltd., Rajapalayam & Another in CMA No. 3442 of 2005, dated 28-4-2009 - following the same credit is allowed - appeal dismissed - decided against Revenue. The Madras High Court dismissed the appeal regarding modvat credit for duty paid on inputs used in the manufacture of exempted final products, citing a previous judgment in favor of the taxpayer. (Citation: 2011 (8) TMI 1074 - MADRAS HIGH COURT)
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