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of <h1>Supreme Court dismisses Revenue's appeal on Modvat credit, leaves question of law open.</h1> <h3>COMMISSIONER OF C. EX., JAMSHEDPUR Versus JAMSHEDPUR BEVERAGES</h3> COMMISSIONER OF C. EX., JAMSHEDPUR Versus JAMSHEDPUR BEVERAGES - 2007 (214) E.L.T. 321 (SC) The Supreme Court dismissed the Revenue's appeal regarding Modvat credit availed by the assessee, leaving the question of law open. The Revenue claimed the assessee owed Rs. 26,77,320 for wrongly availing the credit, but the assessee argued it was revenue neutral as excise duty paid and Modvat credit availed were identical. No costs were awarded, and the Revenue was granted liberty to mention the matter if the submission was found incorrect upon verification.
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