Refund of duty paid through Cenvat credit accounts must be made in cash, not retained as credit balances. Reaffirms that rebate or refund of duty paid on exported goods from Cenvat/Modvat actual or deemed credit accounts must be refunded in cash and that the sanctioning authority has no discretion to deny cash refund or convert it into credit balances; field formations are to inform trade and implement this position.
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Provisions expressly mentioned in the judgment/order text.
Refund of duty paid through Cenvat credit accounts must be made in cash, not retained as credit balances.
Reaffirms that rebate or refund of duty paid on exported goods from Cenvat/Modvat actual or deemed credit accounts must be refunded in cash and that the sanctioning authority has no discretion to deny cash refund or convert it into credit balances; field formations are to inform trade and implement this position.
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