Supreme Court · 2010 INSC 866 · Decided 9 December 2010
Mewar Polytex LTD. v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 866 · [2010] 14 S.C.R. 812
- Case number
- CIVIL APPEAL No. 10413/2010
- Decided
- 9 December 2010
- Bench
- MUKUNDAKAM SHARMA, ANIL R. DAVE (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Central Excise Rules, 1944: r.57A - Modvat credit on C inputs -Advance Licencing Scheme - Declaration made by assessee on AR~4 Form that it was not availing the benefit of Modvat credit on inputs - Assessee, however, used indigenous inputs in the manufacture of export consignment and availed same - Exported finished D goods under the Advance Licencing Scheme without payment of duty - Reversal of credit and imposition of penalty by Revenue - Correctness of - Held: Correct - Entitlement to Modvat credit did not arise since no excise duty was incident upon the finished goods -
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