https://www.taxtmi.com/caselaws?id=110559 Rule 173L(iv) was interpreted to require refund on defective goods cleared for reprocessing to be recalibrated by reference to the duty actually payable on the reprocessed goods at the time of their clearance. If the reprocessed goods attract a lower duty, the refund is reduced accordingly; if they attract no duty under an exemption, the correction factor can reduce the refund to zero. The Kolkata Bench view was treated as the correct construction, although the matter was referred because of a conflicting view from another Bench. en-us Wed, 19 Nov 2003 00:00:00 +0530 Tue, 17 Apr 2012 14:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110559 Rule 173L(iv) was interpreted to require refund on defective goods cleared for reprocessing to be recalibrated by reference to the duty actually payable on the reprocessed goods at the time of their clearance. If the reprocessed goods attract a lower duty, the refund is reduced accordingly; if they attract no duty under an exemption, the correction factor can reduce the refund to zero. The Kolkata Bench view was treated as the correct construction, although the matter was referred because of a conflicting view from another Bench. Case-Laws Central Excise Wed, 19 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110559