Brief : It was held by the High Court that the benefit of the exemption notification would be granted to the assessee.
Citation : Hello Mineral Water (P) ltd. Vs. Union Of India
Hello Mineral Water (P) ltd. Vs. Union Of India
2004(174) E.L.T 422(ALL.)
Case Fact: Whether the reversal of Modvat credit can be treaded as non- availment of Credit ? ( Notification No. 15-94C.E - Exemption is available only when the credit is not taken on the inputs used for the manufacture of the final product)
Decision: It was held by the High Court that the benefit of the exemption notification would be granted to the assessee.
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