Appellate Tribunal upholds refund decision for unused credit in cash.

The Appellate Tribunal CESTAT, Mumbai upheld the Commissioner (Appeals) decision to refund Rs. 1,09,026 in cash to the respondent as they were unable to utilize the credit in RG 23 Pt. II. The Tribunal considered the case of C.C.E. v. Indian Aluminium Co. Ltd. The refund was claimed in PLA after moving out of the Modvat credit scheme and availing small scale exemption. The Revenue's appeal was rejected.

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The Appellate Tribunal CESTAT, Mumbai upheld the Commissioner (Appeals) decision to refund Rs. 1,09,026 in cash to the respondent as they were unable to utilize the credit in RG 23 Pt. II. The Tribunal's decision in the case of C.C.E. v. Indian Aluminium Co. Ltd. was considered. The refund was claimed in PLA after moving out of the Modvat credit scheme and availing small scale exemption. The Revenue's appeal was rejected.

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