2016 (11) TMI 849

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....he Appellants Shri. V.R. Reddy, Asstt. Commissioner(A.R.) for the Respondent Per : Ramesh Nair The issue involved in the present case is that appellant has violated the condition V(A) of Notification No. 203/92-Cus dated 19/5/1992 as the appellant have availed input stage Modvat credit under Rule 57 A of the Central Excise Rules, 1944. Accordingly, the Adjudicating Authority confirmed the....

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.... of Asst. Commissioner of customs which appellant have failed to submit. He submits that as per the notification, only condition is that the exporter should not avail input stage credit at the time of manufacture of the export goods. He submits that as per the certificate, the appellant has reversed the credit on the date of issuance of AR 4 therefore the condition of notification has been complie....

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....nt case by reversing the modvat credit condition of V(A) of notification stands complied with. Even though certificate was signed by Jurisdictional superintendent that does not alter the status of reversal of modvat credit by the appellant, which has not been disputed by both the lower authorities. In view of the fact that appellant have reversed the modvat credit and the same was endorsed in AR4 ....