https://www.taxtmi.com/caselaws?id=153691 Unutilized Cenvat credit was treated as refundable in cash where the factory had closed and central excise registration had been surrendered, leaving no possibility of utilisation against future clearances. The prior Revenue-referred decision was distinguished because it involved a different factual setting in which credit could still be carried forward in the account. On these facts, the order allowing cash refund of the unused credit was upheld, consistent with decisions recognising refund when business operations have ceased. en-us Wed, 29 Jul 2009 00:00:00 +0530 Thu, 22 Jun 2017 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153691 Unutilized Cenvat credit was treated as refundable in cash where the factory had closed and central excise registration had been surrendered, leaving no possibility of utilisation against future clearances. The prior Revenue-referred decision was distinguished because it involved a different factual setting in which credit could still be carried forward in the account. On these facts, the order allowing cash refund of the unused credit was upheld, consistent with decisions recognising refund when business operations have ceased. Case-Laws Central Excise Wed, 29 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153691