https://www.taxtmi.com/caselaws?id=268089 The amended EXIM Policy, effective from 28.01.2004, removed the earlier restriction on DEPB-based availment of credit, and the notifications in force for July 2004 to September 2004 permitted an importer to take Cenvat credit of additional duty debited through DEPB scrips. Binding High Court authority had already held that such credit could not be denied on the Revenue's stated basis. On that footing, the appellant was eligible to avail Cenvat credit of the countervailing duty paid through DEPB debit, and the disallowance of credit was unsustainable. en-us Wed, 18 Mar 2015 00:00:00 +0530 Fri, 20 Nov 2015 08:02:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268089 The amended EXIM Policy, effective from 28.01.2004, removed the earlier restriction on DEPB-based availment of credit, and the notifications in force for July 2004 to September 2004 permitted an importer to take Cenvat credit of additional duty debited through DEPB scrips. Binding High Court authority had already held that such credit could not be denied on the Revenue's stated basis. On that footing, the appellant was eligible to avail Cenvat credit of the countervailing duty paid through DEPB debit, and the disallowance of credit was unsustainable. Case-Laws Central Excise Wed, 18 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268089