2018 (5) TMI 1562

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....vocate for the Appellant Shri P.S. Reddy A.R. for the Respondent ORDER [ Order Per : M. V. Ravindran ] This appeal is directed against order-in-appeal No. HYD-EXCUS-MD-AP-2-0044-17-18 dated 05/09/2017. 2. The relevant facts that arise for consideration are appellants are manufacturers of drugs and vaccines and are a 100%EOU. They filed claim for refund of accumulated CENVAT credit o....

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....d Accountant appearing on behalf of the appellant submits that the vaccines which were manufactured by them as a 100% EOU were to be exported as per the licence granted to them. It is his submission that the appellant participated in the International Competitive bidding for supply of vaccines which are to be considered as exports, as appellant had filed various documents for exports of the suppli....

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....ort of goods requires the physical movement of the goods out of India, in the case in hand there being no so such movement, the rejection of the refund claim is also incorrect as the country has saved valuable foreign exchange in logistical expenses of dispatching the vaccines to Denmark and again receiving it back to supply the same for various programmes in India. 4. Learned D.R. reiterates t....