2009 (12) TMI 770

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....Hari Radhakrishnan, Advocate, for the Respondent. ORDER The respondents herein are registered manufacturers of inorganic chemicals. They imported various goods in terms of Value Based Advance Licence (VBAL) during the period August' 94 to August' 95 and availed the benefit of exemption from payment of Customs duty as per Notification No. 203/92-Cus. dated 19-5-92 as per which exemption is ad....

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.... Rule 56A or 57A and the only restriction was that there should be no transfer of licence. After the conversion, the assessees requested for recredit of the amount paid through PLA or debited in RG.23A Register. This was rejected by the adjudicating authority but permission for recredit was extended by the Commissioner (Appeals). Hence this appeal by the Revenue. 2. We have heard both sides. We....