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of <h1>Pending Refund Claims Under Previous Law; Rejected Cenvat or Input Tax Credit Amounts Will Lapse Per Section 11B(2)</h1> Pending refund claims related to cenvat credit, duty, tax, or interest filed before or after the appointed day will be processed under the previous law. Any accrued amounts will be paid in cash, except where sub-section (2) of section 11B of the Central Excise Act, 1944, applies. If a refund claim for cenvat or input tax credit is fully or partially rejected, the rejected amount will lapse. No refund will be allowed for cenvat or input tax credit amounts carried forward under the new Act. These provisions apply to both CGST and SGST laws.
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