Petitioner Denied Cash Refund for Excess Excise Duty; Refund Limited to Actual Credit Paid; Balance as Credit.

Petitioner Denied Cash Refund for Excess Excise Duty; Refund Limited to Actual Credit Paid; Balance as Credit. https://www.taxtmi.com/highlights?id=14039 Petitioner paid lesser duty on domestic product and higher duty on export product which was not payable - Assessee not entitled for refund thereof in cash regardless of mode of payment of said higher excise duty - Petitioner was entitled to cash refund only of the portion deposited by it by actual credit and for remaining portion refund by way of credit is appropriate - Notification No. 40/2001 - CGOVT en-us Thu, 22 Aug 2013 10:44:46 +0530 Thu, 22 Aug 2013 10:44:46 +0530 TaxTMI RSS Generator Petitioner Denied Cash Refund for Excess Excise Duty; Refund Limited to Actual Credit Paid; Balance as Credit. https://www.taxtmi.com/highlights?id=14039 Petitioner paid lesser duty on domestic product and higher duty on export product which was not payable - Assessee not entitled for refund thereof in cash regardless of mode of payment of said higher excise duty - Petitioner was entitled to cash refund only of the portion deposited by it by actual credit and for remaining portion refund by way of credit is appropriate - Notification No. 40/2001 - CGOVT Highlights Central Excise Thu, 22 Aug 2013 10:44:46 +0530 https://www.taxtmi.com/highlights?id=14039