2001 (5) TMI 545 - AT - Central Excise

Summary

The appellate tribunal rejected the appellants' refund claim of Rs. 46,104 related to reversal of Modvat credit for export under QBAL Scheme. The reversal was done before a change in the EXIM policy from 1-4-1995. The tribunal held that the reversal was in accordance with the law at that time and denied the refund claim.