https://www.taxtmi.com/caselaws?id=106889 An exemption notification could not be applied where the factory admittedly had facilities, including plant and equipment, for producing single yarn, because the notification expressly excluded such clearances. The exclusion operated directly against the assessee, so the benefit under Notification No. 35/95, as amended, was denied. Modvat credit on duty paid on single yarn used in making double or multifolded yarn was sustained because that finding was not challenged and no basis existed to disturb it. The result was partial success for the Revenue on the exemption issue, while the credit-related relief remained intact. en-us Tue, 22 Oct 2002 00:00:00 +0530 Fri, 16 Mar 2012 12:01:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106889 An exemption notification could not be applied where the factory admittedly had facilities, including plant and equipment, for producing single yarn, because the notification expressly excluded such clearances. The exclusion operated directly against the assessee, so the benefit under Notification No. 35/95, as amended, was denied. Modvat credit on duty paid on single yarn used in making double or multifolded yarn was sustained because that finding was not challenged and no basis existed to disturb it. The result was partial success for the Revenue on the exemption issue, while the credit-related relief remained intact. Case-Laws Central Excise Tue, 22 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106889