Refund of excise duty

[varun arora]

Dear sir

If duty rate on final product is 12.50% and on raw material is 6% then can i take the refund back from thr deptt. As of accumulated cenvat unutilized.

Thanks in advance.

AI Summary

Refund for Accumulated CENVAT Credit Limited to Exports Under Rule 5; Legal Remedies Suggested for Excise Duty Issues A participant in a discussion forum inquired about the possibility of obtaining a refund for accumulated CENVAT credit due to an inverted duty structure, where the duty rate on the final product was higher than on raw materials. Experts clarified that refunds are typically available only for exports under Rule 5 of the CENVAT Credit Rules. They suggested exporting goods under rebate to benefit from refunds. Another participant shared a separate issue regarding excise duty refunds in Jammu, where a court case was pending, and the excise department requested a bank guarantee for unresolved credits. Experts advised pursuing legal remedies in court.