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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....nistry of Finance Department of Revenue (Central Board 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 :-          &n....

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....this Scheme shall be conclusive as to the matters stated therein and no matter covered by such order shall be reopened in any other proceeding under the direct tax enactment or indirected tax enactment 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 ha....