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Issues: Whether the respondent was entitled to refund of accumulated CENVAT credit in respect of deemed exports made to 100% EOUs within India under Notification No. 5/2006-C.E. (N.T.).
Analysis: The issue was treated as covered by binding precedent holding that deemed exports are to be treated at par with physical exports for the purpose of refund of accumulated credit under the notification. On that basis, the claim for refund was not accepted.
Conclusion: The respondent was not entitled to the refund claimed, and the appeals were rejected.