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Drawback applicability clarified: rates under PN-5 apply to exports before 2 May 1995 and conversion to drawback bills allowed. Directs that drawback rates specified in the Drawback public notice general note apply to exports made before 2 May 1995 when export obligations were discharged under the relevant customs notifications issued at the policy change; confirms exporters may choose MODVAT credit or the All Industry Rate to the extent of central excise allocation and allows conversion of free shipping bills into drawback shipping bills under the applicable rule.
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Provisions expressly mentioned in the judgment/order text.
Drawback applicability clarified: rates under PN-5 apply to exports before 2 May 1995 and conversion to drawback bills allowed.
Directs that drawback rates specified in the Drawback public notice general note apply to exports made before 2 May 1995 when export obligations were discharged under the relevant customs notifications issued at the policy change; confirms exporters may choose MODVAT credit or the All Industry Rate to the extent of central excise allocation and allows conversion of free shipping bills into drawback shipping bills under the applicable rule.
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