https://www.taxtmi.com/caselaws?id=89704 A stay application under Customs Notification No. 204/92 was examined on a prima facie basis in a dispute over duty-free import under a transferred DEEC licence after reversal of Modvat credit. The Tribunal noted that the exports had been made on a prior export basis and that the reversal of credit removed the risk of double benefit, making denial of the import concession not readily sustainable at this stage. To protect revenue, however, blanket stay was refused and the applicant was directed to furnish a personal bond for the duty amount so the departmental order could be implemented. en-us Thu, 02 Nov 1995 00:00:00 +0530 Thu, 29 Sep 2011 11:31:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89704 A stay application under Customs Notification No. 204/92 was examined on a prima facie basis in a dispute over duty-free import under a transferred DEEC licence after reversal of Modvat credit. The Tribunal noted that the exports had been made on a prior export basis and that the reversal of credit removed the risk of double benefit, making denial of the import concession not readily sustainable at this stage. To protect revenue, however, blanket stay was refused and the applicant was directed to furnish a personal bond for the duty amount so the departmental order could be implemented. Case-Laws Customs Thu, 02 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89704