https://www.taxtmi.com/caselaws?id=53686 Import of duty-free materials under Notifications No. 203/92-Cus. and 204/92-Cus. was held not to breach the notification conditions where the inputs were used in export manufacture, Modvat credit at the input stage was reversed with interest under the amnesty scheme, and the export obligation under the VABAL licences was treated as completed. Transactions under the QBAL licences were treated as post-export and, at most, a technical lapse. As the Revenue failed to show any material non-reversal of credit or substantive violation of the conditions, the demand of customs duty and consequential confiscation did not survive. en-us Tue, 02 Nov 2004 00:00:00 +0530 Thu, 14 Oct 2010 16:20:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53686 Import of duty-free materials under Notifications No. 203/92-Cus. and 204/92-Cus. was held not to breach the notification conditions where the inputs were used in export manufacture, Modvat credit at the input stage was reversed with interest under the amnesty scheme, and the export obligation under the VABAL licences was treated as completed. Transactions under the QBAL licences were treated as post-export and, at most, a technical lapse. As the Revenue failed to show any material non-reversal of credit or substantive violation of the conditions, the demand of customs duty and consequential confiscation did not survive. Case-Laws Customs Tue, 02 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53686