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of <h1>Ministry of Finance Clarifies Cenvat Credit Refunds: Only Physical Exports Qualify, Not Deemed Exports u/r 5 & 18.</h1> The circular issued by the Ministry of Finance outlines instructions regarding the refund of Cenvat credit and rebate of duty. Under Rule 5 of the Cenvat Credit Rules, 2004, and Rule 18 of the Central Excise Rules, 2002, refunds and rebates are permitted only when goods are physically exported out of India. Amendments clarify that these benefits are not applicable for deemed exports, where goods do not leave the country. Jurisdictional authorities are instructed to consider these amendments when processing refunds and rebates. The circular emphasizes that supplies to units like EOU/EHTP/STPs are not eligible for these benefits.
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