1997 (1) TMI 541

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..... ng that if any import duty is payable on the licences in respect of import already made by the purchasers, they shall pay of same. the para would read as follows : We also record the fact that NALCO has already given an undertaking that in the event any amount of Modvat credit is required to be reversed as per Excise Law the same shall be done by NALCO subject to the statutory remedies ava .....

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