Bharti Telecom Ltd vs The Commissioner Of Customs

The Supreme Court held that the appellant was entitled to the benefits of the Amnesty Scheme under Notification No.203/92, despite reversing modvat credit prior to the scheme's enforcement. The Court emphasized that the reversal of modvat credit should be recognized irrespective of the timing, as the scheme aimed to provide relief to exporters. The Court set aside the Tribunal's order regarding the denial of the Amnesty benefits, thereby allowing the appellant to claim the exemption from customs duty and related penalties.