Rebate Claim Denied: No Basis to Re-quantify Amount Due to Exchange Rate Changes Post-Duty Payment.

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....Denial of rebate claim - there is no question of re-quantifying the amount of rebate by applying some other rate of exchange prevalent subsequent to the date on which the duty was paid. As such, the rebate amount need not to be changed on account of lower realization in BRCs due to exchange rate fluctuation - CGOVT....