SEZ Unit Wins Refund Claim Due to Modvat Credit Reversal, Entitled to Exemption or Reduced Duty Benefits.

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....SEZ unit - Refund claim - reversal of Modvat credit amounts to non-taking of credit on the inputs. Hence the benefit has to be given of the notification granting exemption/rate of duty on the final product since the reversal of the credit on the input was done at the Tribunal’s stage. - AT....