https://www.taxtmi.com/caselaws?id=49179 In export rebate under Rule 12, the term "value" in proviso (vii) of Notification No. 197/62, before the 14-10-1993 amendment, was construed contextually as market value at the time of export, not section 4 valuation for duty assessment at removal. Where a rebate claim exceeded the export value, the claim did not require total rejection; it could be restricted to the admissible export value. The 14-10-1993 amendment was treated as clarificatory, and the Board's 26-3-1993 instruction did not alter the pre-existing legal position. The result was that the earlier interpretation remained applicable to exports prior to the amendment. en-us Wed, 31 Aug 1994 00:00:00 +0530 Thu, 12 Aug 2010 12:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49179 In export rebate under Rule 12, the term "value" in proviso (vii) of Notification No. 197/62, before the 14-10-1993 amendment, was construed contextually as market value at the time of export, not section 4 valuation for duty assessment at removal. Where a rebate claim exceeded the export value, the claim did not require total rejection; it could be restricted to the admissible export value. The 14-10-1993 amendment was treated as clarificatory, and the Board's 26-3-1993 instruction did not alter the pre-existing legal position. The result was that the earlier interpretation remained applicable to exports prior to the amendment. Case-Laws Central Excise Wed, 31 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49179