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2018 (7) TMI 791 - AT - CustomsDEEC Advance License Scheme - N/N. 203/92-Cus dated 19.5.1992 - it was alleged that the appellants have violated the conditions of notification by availing input stage credit on the inputs used for the export products - Held that:- A coordinate bench of the tribunal in the case of Polynova Industries [2009 (1) TMI 732 - CESTAT MUMBAI], while dealing with identical circumstances placed reliance in the case of Shasun Drugs & Chemicals v. CESTAT, Chennai [2004 (11) TMI 119 - HIGH COURT OF JUDICATURE AT MADRAS] and held that reversal of credit done partly before and partly after the cut-off date 31-1-97 prescribed by the Amnesty Scheme is in accordance with the scheme. In the case of appellant, in many cases of exports no credit was availed. In all cases where the credit was availed the same was reversed long before the cutoff date. Except in few cases interest too was paid before the deadline. Appeal allowed - decided in favor of appellant.
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