2007 (8) TMI 583 - AT - Customs

Summary

The Appellate Tribunal CESTAT, Mumbai upheld the order of the Commissioner stating that the respondents did not contravene Notification 203/92 as they reversed Modvat credit before goods clearance for export. Revenue's plea for interest payment on reversed credit was rejected as there is no legal provision for it. The appeal was rejected, and the impugned order was upheld.