2015 (10) TMI 560 - SCH - Central Excise

Inclusion of value of deemed export - Whether value of deemed export is required to be excluded while determining FOB value of export for the purpose of computation of value of the Exim Policy Supreme Court dismissed the appeal filed by the Revenue against the decision of High Court 2014 (2) TMI 57 - GUJARAT HIGH COURT ; wherein High Court held that clearances made by one 100% EOU to another 100% EOU which are deemed exports are to be treated as physical exports for the purpose of entitling refund of unutilized Cenvat credit contemplated under the provisions of Rule 5 of the Cenvat Credit Rule, 2004.

Summary

Supreme Court dismissed the special leave petition in the case with citation 2015 (10) TMI 560 - SC. Judgement by Madan B. Lokur and Uday Umesh Lalit, JJ.