https://www.taxtmi.com/caselaws?id=237151 Eligibility for the compounded levy scheme for processed textile fabrics depended on the original investment in plant and machinery and exclusive use of a hot-air stenter. The Tribunal held that the plant valuation had to be based on original invoice value after correcting computational errors, excluding excise duty credit and consumables such as printing screens; on that basis, the investment stayed below the Rs. 3 crore limit. It further held that possession of open-air stenters took the processor outside Rule 96ZNA and the notification, because the scheme applied only to units operating exclusively with a hot-air stenter. The appeal therefore failed. en-us Mon, 25 Jun 2012 00:00:00 +0530 Thu, 19 Sep 2013 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237151 Eligibility for the compounded levy scheme for processed textile fabrics depended on the original investment in plant and machinery and exclusive use of a hot-air stenter. The Tribunal held that the plant valuation had to be based on original invoice value after correcting computational errors, excluding excise duty credit and consumables such as printing screens; on that basis, the investment stayed below the Rs. 3 crore limit. It further held that possession of open-air stenters took the processor outside Rule 96ZNA and the notification, because the scheme applied only to units operating exclusively with a hot-air stenter. The appeal therefore failed. Case-Laws Central Excise Mon, 25 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237151