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    <title>2012 (6) TMI 753 - CESTAT CHENNAI</title>
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    <description>The Tribunal allowed the appeal, setting aside the department&#039;s denial of input duty credit on exported &#039;Multi Folded Cotton Yarn.&#039; The decision emphasized the need to maintain competitiveness in the global market by not burdening export goods with domestic taxes. The judgment highlighted government policies and schemes supporting export production by exempting or providing rebates on domestic taxes for export goods. The Tribunal disposed of the stay petition, waived the pre-deposit requirement, and proceeded to hear and decide the appeal on the same day, favoring the appellants.</description>
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    <pubDate>Wed, 27 Jun 2012 00:00:00 +0530</pubDate>
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      <description>The Tribunal allowed the appeal, setting aside the department&#039;s denial of input duty credit on exported &#039;Multi Folded Cotton Yarn.&#039; The decision emphasized the need to maintain competitiveness in the global market by not burdening export goods with domestic taxes. The judgment highlighted government policies and schemes supporting export production by exempting or providing rebates on domestic taxes for export goods. The Tribunal disposed of the stay petition, waived the pre-deposit requirement, and proceeded to hear and decide the appeal on the same day, favoring the appellants.</description>
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