Refund of accumulated cenvat credit

[madhavvan n]

we have huge accumulated cenvat credit can we calim refund of the same kindly let me know the provisions

AI Summary

Refund of CENVAT Credit Possible for Exports Under Rule 5 CCR or as Rebate via Rule 18 Central Excise Rules. A query was raised regarding the refund of accumulated CENVAT credit. Two responses were provided. The first response stated that a refund is possible only in the case of exports, as per Rule 5 of the CENVAT Credit Rules (CCR). If the department restricts the use of CENVAT credit for duty payment, and this can be proven, a refund may be claimed. The second response suggested claiming a refund under Rule 5 of CCR, 2004, or as a rebate under Rule 18 of the Central Excise Rules, 2002, by paying duty through CENVAT credit on exports and then claiming it as a rebate.