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2014 (10) TMI 631 - CESTAT MUMBAIBenefit of Notification No. 203/92-Cus - appellants purchased Valued Based Advance Licence (VABAL) from the market in respect of the goods exported. - allegation that appellants failed to show that input stage credit has not been availed by the manufacturer of the exported good - Held that:- Issue is settled by the decision of the Hon'ble Supreme Court in the case of Commissioner of Customs (Imports), Bombay vs Hico Enterprises - [2008 (4) TMI 117 - SUPREME COURT]. The Hon'ble Supreme Court held that the purchaser of VABAL is not liable to prove export obligation for the benefit of Notification No. 203/92-Cus. In view of the above decision of the Hon'ble Supreme Court, the impugned order is set aside - Decided in favour of assessee.
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