https://www.taxtmi.com/caselaws?id=124106 Amnesty Scheme benefits were not available where reversal of Modvat credit and payment of differential interest were made only after the scheme's cut-off date. The scheme had to be construed strictly, and no discretion could be used to extend relief beyond its clear terms. Earlier authority allowing partial reversal around the cut-off date was distinguished because, on the facts here, both the differential Modvat credit and differential interest were reversed only on 31-3-1998, after the relevant deadline. The benefit of the Amnesty Scheme was therefore held inadmissible. en-us Mon, 09 Jun 2008 00:00:00 +0530 Tue, 25 Sep 2012 16:16:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124106 Amnesty Scheme benefits were not available where reversal of Modvat credit and payment of differential interest were made only after the scheme's cut-off date. The scheme had to be construed strictly, and no discretion could be used to extend relief beyond its clear terms. Earlier authority allowing partial reversal around the cut-off date was distinguished because, on the facts here, both the differential Modvat credit and differential interest were reversed only on 31-3-1998, after the relevant deadline. The benefit of the Amnesty Scheme was therefore held inadmissible. Case-Laws Customs Mon, 09 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124106