https://www.taxtmi.com/caselaws?id=108811 The exemption notification under the Pass Book Scheme was construed according to its plain language, so credit and the applicable Standard Input Output Norms had to be determined by reference to the inputs actually used in the export product. The department's restrictive reading, which would have denied the benefit to exporters who purchased grey fabrics and got them processed before manufacture, was rejected because the text did not support an added limitation. On interim relief, substantial pre-deposits already made and bank guarantees furnished justified waiver of the remaining pre-deposit of differential duty and penalties. en-us Wed, 15 Jan 2003 00:00:00 +0530 Tue, 03 Apr 2012 19:02:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108811 The exemption notification under the Pass Book Scheme was construed according to its plain language, so credit and the applicable Standard Input Output Norms had to be determined by reference to the inputs actually used in the export product. The department's restrictive reading, which would have denied the benefit to exporters who purchased grey fabrics and got them processed before manufacture, was rejected because the text did not support an added limitation. On interim relief, substantial pre-deposits already made and bank guarantees furnished justified waiver of the remaining pre-deposit of differential duty and penalties. Case-Laws Customs Wed, 15 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108811