https://www.taxtmi.com/caselaws?id=124068 Reversal of Modvat credit by debiting 8% of the value of exempted clearances under Rule 57CC was treated as equivalent to non-availment of credit for exemption eligibility. Applying Chandrapur Magnet Wires and Life Long Appliances, the Tribunal distinguished the Larger Bench view relied on by the Revenue and held that the assessee satisfied the condition in the relevant small-scale exemption notification for goods cleared under its own brand name. The exemption was therefore available, and the Revenue's objection failed. en-us Tue, 07 Aug 2007 00:00:00 +0530 Tue, 25 Sep 2012 12:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124068 Reversal of Modvat credit by debiting 8% of the value of exempted clearances under Rule 57CC was treated as equivalent to non-availment of credit for exemption eligibility. Applying Chandrapur Magnet Wires and Life Long Appliances, the Tribunal distinguished the Larger Bench view relied on by the Revenue and held that the assessee satisfied the condition in the relevant small-scale exemption notification for goods cleared under its own brand name. The exemption was therefore available, and the Revenue's objection failed. Case-Laws Central Excise Tue, 07 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124068