1997 INSC 0058
SUPREME COURT OF INDIA

Raj Exports
Vs.
National Aluminium Co.

                             (B.P.Jeevan Reddy Reddy and Sujata V.Manohar JJ.)
21.01.1997

                                                       ORDER

The Text below is only a summarized version of the order pronounced
Central Board of Excise and Customs issued notification that where exporters had availed MODVAT
credits in contravention of conditions of notification such exporters reverse MODVAT credit and
pay 20 percent per annum on amount of credit availed of by them. Matter postponed till further
hearing.