https://www.taxtmi.com/caselaws?id=31601 Stage-wise levy of excise duty on textile processing facilities was not sustained on the facts, because the assessee had already paid duty at the final stage and any duty charged at earlier stages would have been offset by Modvat credit. The Court noted that the Tribunal had treated the scheme as revenue neutral where credit was available against duty paid at each stage, and that the Revenue had accepted the earlier Tribunal view. On that basis, the excise demand at each stage was not upheld and the assessee succeeded. en-us Tue, 09 Sep 2008 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31601 Stage-wise levy of excise duty on textile processing facilities was not sustained on the facts, because the assessee had already paid duty at the final stage and any duty charged at earlier stages would have been offset by Modvat credit. The Court noted that the Tribunal had treated the scheme as revenue neutral where credit was available against duty paid at each stage, and that the Revenue had accepted the earlier Tribunal view. On that basis, the excise demand at each stage was not upheld and the assessee succeeded. Case-Laws Central Excise Tue, 09 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31601