2007 (5) TMI 130

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..... 9. 2. Heard both sides. 3. The respondent company purchase input Gamma Acid (of 90% Purity), falling under Chapter Heading 2922.00 and subjected the same to the processes known as standardizing and blending, and enhanced the purity to the level of 93 to 97%. This purification was undertaken to meet the specific requirement of overseas buyers. They claimed the process of purification as mentioned .....

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..... aking such exports. 6. If the credit taken is already stands reversed, then it will be revenue neutral exercise. In the light of this claim, the order of the Commissioner (Appeals) is set aside and the matter remanded to the original authority to verify the claim by the respondent that whatever credit taken by them for Gamma Acid received as input has been reversed before or at the time of export .....

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