2014 (4) TMI 262

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..... SE Vs. M/S GRAND CARD INDUSTRIES & ORS [2014 (4) TMI 258 - DELHI HIGH COURT] - assessee would have the option either to avail the option in terms of the notification or pay duty on the final product by taking MODVAT credit on the inputs in terms of Rule 57A - decided against Revenue. - CM APPL.5930 and 5931/2014 IN CEAR 6/2000 - - - Dated:- 31-3-2014 - S. Ravindra Bhat And R. V. Easwar,JJ. .....

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..... s the option to avail exemption or pay duty on the final product by taking MODVAT credit on inputs in terms of Rule 57A of the Central Excise Rules, 1944. This Court is informed and takes note of an identical question referred to in CEAR 7/2000 where the same question was answered in favour of the assessee; it was held that the assessee would have the option either to avail the option in terms of .....

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