CENVAT/Drawback entitlement adjustment permitted as CENVAT credit or duty drawback, subject to export FOB parity requirement. Additional customs or excise duty paid in cash or debited under DFCE entitlement certificates shall be adjusted as CENVAT credit or Duty Drawback in accordance with rules framed by the Department of Revenue. A condition requires that the FOB value of exports during the licensing year not fall below the FOB value of exports in the previous licensing year, with the amendment made under powers to amend the Foreign Trade Policy.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
CENVAT/Drawback entitlement adjustment permitted as CENVAT credit or duty drawback, subject to export FOB parity requirement.
Additional customs or excise duty paid in cash or debited under DFCE entitlement certificates shall be adjusted as CENVAT credit or Duty Drawback in accordance with rules framed by the Department of Revenue. A condition requires that the FOB value of exports during the licensing year not fall below the FOB value of exports in the previous licensing year, with the amendment made under powers to amend the Foreign Trade Policy.
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