https://www.taxtmi.com/caselaws?id=124959 Credit taken on glass vials disentitled the importer from exemption under Notification No. 203/92-Cus., because the appellants themselves treated the vials as inputs and the exemption condition was therefore not met. Reversal of credit under the Amnesty Scheme did not cure the defect, as the reversal was made after the scheme period had expired; exemption and related relaxation provisions were held to require strict construction. The demand was sustained, but the penalty was reduced as excessive in light of the small amount of credit involved. en-us Wed, 17 Sep 2008 00:00:00 +0530 Wed, 17 Oct 2012 15:29:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124959 Credit taken on glass vials disentitled the importer from exemption under Notification No. 203/92-Cus., because the appellants themselves treated the vials as inputs and the exemption condition was therefore not met. Reversal of credit under the Amnesty Scheme did not cure the defect, as the reversal was made after the scheme period had expired; exemption and related relaxation provisions were held to require strict construction. The demand was sustained, but the penalty was reduced as excessive in light of the small amount of credit involved. Case-Laws Customs Wed, 17 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124959