Tribunal Grants Stay on Refund Order for Exported Goods

The Tribunal granted a stay on the order allowing refund of inputs used in goods exported, including inputs in waste cleared for home consumption. The Revenue's applications for stay were successful, pending further proceedings.

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The Revenue filed applications for stay of an order allowing refund under Rule 5 of Cenvat Credit Rules. Respondents claimed refund for inputs used in goods exported, including inputs in waste cleared for home consumption. Commissioner allowed refund, but Revenue sought to deny it for inputs in waste. Tribunal granted stay on impugned order.

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