2008 (9) TMI 57 - SC ORDER

Whether the facilities in the factory of the assessee for carrying out bleaching, dying, printed and mercerising of textile fabrics would invite levy of excise duty at each stage of manufacture - held that the assessee would be entitled to Modvat credit if duty is paid at each stage of the manufacturing and, therefore, the entire exercise would be revenue neutral - Admittedly, assessee has paid duty at the final stage – appeal of revenue is dismissed