2006 (9) TMI 388

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ko, Member (J)]. This appeal is against rejection of a claim for refund of an amount of Rs. 3,64,337/- representing input-duty credit reversed by the appellants. Modvat credit of the above amount, taken on inputs used in the manufacture of a generic medicament viz. Halothane , had been expunged by the appellant in RG.23A Part II on 15-6-96 towards the final products which was exported on 17 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... exported under bond. The above credit was reversed prior to such exportation. The party claimed refund of the credit amount merely on the ground that the final product was exported. The lower appellate authority rightly held that such a claim would have been admissible only if the final product (Halothane IP) had been dutiable but exported under bond. As the final product was exempt from payment o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X