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2014 (5) TMI 943 - AT - CustomsImport of goods against advance license - goods manufactured out of such import exported as well as sold in DTA - Denial of benefit of Notification 93/2004 and 94/2004 - Held that:- in this case the respondent has first exported the goods. Against the said export, the respondent obtained advance license for import the raw material duty-free - The Board’s Circular No. 4/93, dated 4-9-1993 clarified that word ‘required’ does not mean that goods imported must be physically incorporated in the export product as export product could be manufactured from inputs procured outside the DEEC scheme. Iit is in the condition precedent of the Notification that the respondent are required to import raw material first and same is to be used in manufacture of the resultant product. Therefore the respondents have fulfilled the condition of the Notification 93/2004 and 94/2004 as they have already discharged the export obligation and EODC has been issued by D.G.F.T. In these circumstances, we hold that the respondents are entitled for benefit of the above said notification - Decided against Revenue.
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