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of <h1>Exporters Can Claim Cash Refunds for Unutilized CENVAT Credit When Customs Duties Are Claimed, Per Rule 57F(14) Clarification.</h1> The circular addresses the issue of cash refunds for unutilized CENVAT credit on exports. It clarifies that exporters who claim only the Customs portion of the All Industry Rate of Drawback can receive refunds for unutilized CENVAT credit on Central Excise or Countervailing Duty, as Rule 57F(14) does not prohibit such refunds. This interpretation aligns with the MODVAT and CENVAT rules, ensuring exporters are not unfairly denied refunds when they do not avail of the full drawback benefits. The circular aims to prevent harsh outcomes for exporters by allowing refunds where only Customs duties are claimed.
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