Supreme Court Affirms CVD Benefit at 8% Even If Excise Duty Not Incurred; Aligns with SRF Ltd Precedent.

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....Benefit of CVD @ 8% - denial of benefit on the ground that imported goods has not suffered duty of excise and credit has not been availed - The Hon’ble Apex Court opined that the benefit of notification cannot be denied if the condition is such that it is practically impossible to satisfy the condition - The decision of the Apex Court in the case of SRF Ltd. would be applicable. - AT....