2000 (11) TMI 406 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal filed by the Revenue against the order-in-appeal dated 7-3-2000. The case involved a refund claim for Modvat credit reversed by the respondent related to export goods under the DEEC Scheme. The Tribunal ruled that no Modvat credit is admissible for inputs used in export goods under the Value Based Advance Licence Scheme as per Notification No. 203/92-Cus., dated 19-5-1992. The appeal was allowed based on this interpretation.