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Central Excise - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Denial of rebate claim - there is no question of re-quantifying ...


Rebate Claim Denied: No Basis to Re-quantify Amount Due to Exchange Rate Changes Post-Duty Payment.

March 31, 2015

Case Laws     Central Excise     CGOVT

Denial of rebate claim - there is no question of re-quantifying the amount of rebate by applying some other rate of exchange prevalent subsequent to the date on which the duty was paid. As such, the rebate amount need not to be changed on account of lower realization in BRCs due to exchange rate fluctuation - CGOVT

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