https://www.taxtmi.com/caselaws?id=215490 Reversal of Cenvat credit before utilisation, together with interest, is treated as non-availment of the credit for para 4.2.6 of the Foreign Trade Policy, 2009-2014. On that basis, DFIA benefits cannot be denied merely because the exporter had initially availed the credit on inputs used in manufacture of export goods, where the credit was fully reversed before use. The Bombay High Court applied the principle that credit reversed before utilisation stands on the same footing as credit not taken, and held that the policy's requirement that the Cenvat facility not be availed was satisfied. en-us Mon, 23 Jul 2012 00:00:00 +0530 Sat, 12 Jan 2013 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215490 Reversal of Cenvat credit before utilisation, together with interest, is treated as non-availment of the credit for para 4.2.6 of the Foreign Trade Policy, 2009-2014. On that basis, DFIA benefits cannot be denied merely because the exporter had initially availed the credit on inputs used in manufacture of export goods, where the credit was fully reversed before use. The Bombay High Court applied the principle that credit reversed before utilisation stands on the same footing as credit not taken, and held that the policy's requirement that the Cenvat facility not be availed was satisfied. Case-Laws Customs Mon, 23 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215490