https://www.taxtmi.com/caselaws?id=2669 Modvat credit on countervailing duty paid at re-import was not to be denied merely because the assessee had also availed small-scale exemption for home clearances, where the re-imported goods were separately accounted for, stored separately, intimated to the department, and reflected in RG-23A Part I. The substantive requirement of maintaining separate accounts was treated as satisfied by contemporaneous equivalent records, and the absence of a separate physical register in the exact departmental format was only a procedural objection. A Board circular supporting simultaneous exemption for home clearances and credit on inputs used for export production also reinforced entitlement to credit. en-us Wed, 12 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2669 Modvat credit on countervailing duty paid at re-import was not to be denied merely because the assessee had also availed small-scale exemption for home clearances, where the re-imported goods were separately accounted for, stored separately, intimated to the department, and reflected in RG-23A Part I. The substantive requirement of maintaining separate accounts was treated as satisfied by contemporaneous equivalent records, and the absence of a separate physical register in the exact departmental format was only a procedural objection. A Board circular supporting simultaneous exemption for home clearances and credit on inputs used for export production also reinforced entitlement to credit. Case-Laws Customs Wed, 12 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2669