Disallowance and recovery of Modvat credit on HSD OIL - provisions of section 112 of the Finance (No.10) Act, 2000 - clarification as to whether disputes of credit availed settled under KVSS are recoverable - regarding

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....oard of Excise & Customs) Dated 4th September, 2000 Subject : Disallowance and recovery of Modvat credit on HSD OIL - provisions of section 112 of the Finance (No.10) Act, 2000 - clarification as to whether disputes of credit availed settled under KVSS are recoverable - regarding :- Vide Section 112 of the Finance (No.10) Act, 2000 provisions to validate the denial of credit of duty paid on Hi....

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....nactment or under any other law for the time being in force. The benefits of immunity extended KVSS vide Section 90(3) of Finance Act, 1998 has to be constructed as a provision of law. In other words, the said benefit and immunity were not extended as a result of any judgment, decree or order of any court, tribunal or any other authority. Reference to judgment, decree, order etc., in section 112....