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of <h1>Appellate Tribunal allows cash refund claim under Cenvat Credit Rules</h1> <h3>Imperial Auto Industries Ltd. Versus CCE, Faridabad</h3> Imperial Auto Industries Ltd. Versus CCE, Faridabad - TMI Issues involved:Entitlement to claim cash refund of duty remained unutilized in cenvat credit account at the time of factory closure under Rule 5 of Cenvat Credit Rules, 2004.Analysis:Issue 1: Entitlement to claim cash refund of unutilized duty under Rule 5 of Cenvat Credit Rules, 2004The Tribunal examined whether the appellant could claim a cash refund of the unutilized amount of credit in their cenvat credit account upon the closure of their factory. Referring to the decision of the Hon'ble Karnataka High Court in the case of Union of India vs. Slovak Trading Co. Pvt. Ltd., the Tribunal held that the appellant is indeed entitled to receive a refund of the unutilized amount in their cenvat credit account at the time of factory closure. The Tribunal emphasized that the decision of the Hon'ble Karnataka High Court prevails over the Tribunal's decision, thereby allowing the appellant's claim for a cash refund. Consequently, the Tribunal set aside the impugned order and allowed the appeal in favor of the appellant.Conclusion:The judgment by the Appellate Tribunal CESTAT CHANDIGARH established that under Rule 5 of Cenvat Credit Rules, 2004, an appellant is entitled to claim a cash refund of the unutilized amount of credit in their cenvat credit account at the time of factory closure. The decision was based on the precedent set by the Hon'ble Karnataka High Court, emphasizing the entitlement of the appellant to receive the refund. The Tribunal's ruling allowed the appellant's claim for a cash refund and overturned the previous order, ultimately deciding in favor of the appellant.
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