Disallowance and recovery of Modvat credit on HSD OIL - provisions of section 112 of the Finance (No.10) Act, 2000 - clarification as to whether disputes of credit availed settled under KVSS are recoverable - regarding

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..... venue (Central Board of Excise Customs) Dated 4th September, 2000 Subject : Disallowance and recovery of Modvat credit on HSD OIL - provisions of section 112 of the Finance (No.10) Act, 2000 - clarification as to whether disputes of credit availed settled under KVSS are recoverable - regarding :- Vide Section 112 of the Finance (No.10) Act, 2000 provisions to validate the .....

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..... nder the direct tax enactment or indirected tax enactment or under any other law for the time being in force. The benefits of immunity extended KVSS vide Section 90(3) of Finance Act, 1998 has to be constructed as a provision of law. In other words, the said benefit and immunity were not extended as a result of any judgment, decree or order of any court, tribunal or any other authori .....

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