https://www.taxtmi.com/caselaws?id=122785 Reversal of Modvat credit before clearance of export goods meant the condition of Notification No. 203/92-Cus. was complied with, so no contravention could be attributed to the assessee. As no provision authorised recovery of interest on credit already reversed before export clearance, the demand for interest could not be sustained. The matter was decided in favour of the assessee, with the interest claim held not maintainable. en-us Fri, 31 Aug 2007 00:00:00 +0530 Fri, 17 Aug 2012 12:08:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122785 Reversal of Modvat credit before clearance of export goods meant the condition of Notification No. 203/92-Cus. was complied with, so no contravention could be attributed to the assessee. As no provision authorised recovery of interest on credit already reversed before export clearance, the demand for interest could not be sustained. The matter was decided in favour of the assessee, with the interest claim held not maintainable. Case-Laws Customs Fri, 31 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122785