2015 (11) TMI 323

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....mar, Adv., Mr. T. M. Singh, Adv., Mr. B. V. Niren, Adv., Mr. Jitin Singhal, Adv. And Mr. B. Krishna Prasad, Adv. For the Respondent : Mr. S. K. Bagaria, Sr. Adv., Mr. K. K. Mani, Adv. And Ms. T. Archana, Adv. ORDER Indubitably, the benefit of exemption Notification No. 5/99-CE dated 28.02.1999 is available subject to certain conditions and one of the conditions is that the assessee had no....

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....e case of 'Franco Italian Co. Pvt. Ltd. v. Commissioner' [2000 (120) ELT 792 (T-LB)] had taken the view that even if the MODVAT credit was utilised but, thereafter, refunded, it would amount to not utilising the said MODVAT credit. Same view has been taken by the High Court of Allahabad in 'Hello Mineral Water (P) Ltd. v. Union of India' [2004 (174) ELT 422 (All.)]. On a specifi....