https://www.taxtmi.com/caselaws?id=48029 SC dismissed the appeal and ruled against the revenue, holding that where excise duty paid and Modvat credit availed are identical, payment of excise duty after availing Modvat credit is revenue neutral. The Court left the broader question of law open while denying the revenue's claim for refund of the credit, effectively upholding the assessee's position on the specific factual matrix before the Court. en-us Wed, 25 Apr 2007 00:00:00 +0530 Mon, 15 Sep 2025 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48029 SC dismissed the appeal and ruled against the revenue, holding that where excise duty paid and Modvat credit availed are identical, payment of excise duty after availing Modvat credit is revenue neutral. The Court left the broader question of law open while denying the revenue's claim for refund of the credit, effectively upholding the assessee's position on the specific factual matrix before the Court. Case-Laws Central Excise Wed, 25 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48029