https://www.taxtmi.com/caselaws?id=234826 The High Court set aside the Tribunal's order in a case concerning refund claims under Rule 5 of the Cenvat Credit Rules, 2004. The Court emphasized the elimination of the 1:1 correlation requirement between inputs and final products for refund eligibility as per the amended Notification No. 7/2010. The matter was remanded to the Tribunal for reconsideration in light of the revised notification, stressing the need to reassess refund applications without strict adherence to the previous correlation condition. en-us Thu, 22 Nov 2012 00:00:00 +0530 Mon, 10 Feb 2014 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234826 The High Court set aside the Tribunal's order in a case concerning refund claims under Rule 5 of the Cenvat Credit Rules, 2004. The Court emphasized the elimination of the 1:1 correlation requirement between inputs and final products for refund eligibility as per the amended Notification No. 7/2010. The matter was remanded to the Tribunal for reconsideration in light of the revised notification, stressing the need to reassess refund applications without strict adherence to the previous correlation condition. Case-Laws Central Excise Thu, 22 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234826