https://www.taxtmi.com/caselaws?id=332622 Supplies made to a World Bank financed project under International Competitive Bidding were treated as deemed exports under the Import-Export Policy 2004-09, so the assessee was entitled to refund of unutilized Cenvat credit. The requirement in Notification No. 5/2006-CE(NT) that clearance be made under bond or a letter of undertaking did not defeat the refund claim where the supplies otherwise qualified as deemed exports. The reasoning was that deemed exports must receive the same export benefits as physical exports, and a procedural condition in the refund notification cannot override that substantive entitlement. en-us Mon, 22 Aug 2016 00:00:00 +0530 Fri, 06 Jan 2017 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332622 Supplies made to a World Bank financed project under International Competitive Bidding were treated as deemed exports under the Import-Export Policy 2004-09, so the assessee was entitled to refund of unutilized Cenvat credit. The requirement in Notification No. 5/2006-CE(NT) that clearance be made under bond or a letter of undertaking did not defeat the refund claim where the supplies otherwise qualified as deemed exports. The reasoning was that deemed exports must receive the same export benefits as physical exports, and a procedural condition in the refund notification cannot override that substantive entitlement. Case-Laws Central Excise Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332622