Exporters Granted Refund of Cenvat Credit for Promoting Exports

The Appellate Tribunal CESTAT, Mumbai allowed the appeal for refund of accumulated Cenvat credit of Rs. 1,98,82,260/- to the appellants who exported products under the DEPB scheme without availing drawback of input duty. The tribunal emphasized that exporters should not bear domestic levy on inputs to promote exports. The order was pronounced on 9-8-2005.

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The Appellate Tribunal CESTAT, Mumbai allowed the appeal for refund of accumulated Cenvat credit of Rs. 1,98,82,260/- to the appellants who exported products under the DEPB scheme without availing drawback of input duty. The tribunal stated that exporters should not bear domestic levy on inputs, promoting exports. The order was pronounced on 9-8-2005.

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