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1995 (11) TMI 178 - AT - Central ExciseExtract: .......ails of exemption from whole of duty of excise leviable thereon... rdquo otherwise this will frustrate the basic purpose of the scheme of Modvat Credit, i.e. to avoid cascading effect of duty upon duty. Following the ratio of the above ruling, we hold that the impugned order is not sustainable in law. In view of the matter, the appeals are allowed.
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