https://www.taxtmi.com/caselaws?id=191210 Modvat credit on levy molasses used to manufacture rectified spirit, which was then used to produce Indian made foreign liquor, was held admissible by following the assessee's own earlier decisions on identical facts. The Tribunal also applied the settled view that, where rectified spirit is cleared for such manufacture, the prescribed duty liability under the applicable rule arises on the value of the clearances. As the controversy had already been resolved in the assessee's favour in prior proceedings, the Revenue's challenge was found to have no merit. en-us Tue, 26 Aug 2008 00:00:00 +0530 Fri, 24 Mar 2017 18:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191210 Modvat credit on levy molasses used to manufacture rectified spirit, which was then used to produce Indian made foreign liquor, was held admissible by following the assessee's own earlier decisions on identical facts. The Tribunal also applied the settled view that, where rectified spirit is cleared for such manufacture, the prescribed duty liability under the applicable rule arises on the value of the clearances. As the controversy had already been resolved in the assessee's favour in prior proceedings, the Revenue's challenge was found to have no merit. Case-Laws Central Excise Tue, 26 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191210