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F.No.275/91/2000-CX-8A Vide Section 112 of the Finance (No.10) Act, 2000 provisions to validate the denial of credit of duty paid on High Speed Oil was introduced. The Chief Commissioner of Hyderabad sought clarification from Board vide his letter C.No.IV/16/86/2000-CC (HZ) dated 10.7.2000 as to whether, in view of the law now in force, whether the Department is entitled to recover the revenue of Modvat credit utilized on account of use of HSD oil by the manufacturers which have since been finally adjudicated/settled under the Kar Vivad Samadhan Scheme.
In exercise of the powers conferred by clause (a) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following further amendment in the Notification of the Government of India in the Ministry of Finance, Department of
