https://www.taxtmi.com/article/detailed?id=235 Rule 5 permits refund of unutilized CENVAT credit where inputs or input services are used in exported goods or exported output services and such credit cannot be adjusted towards excise duty or service tax, subject to safeguards, conditions and limitations notified by the Central Government; refunds are barred where drawback or rebate for the same duty or service tax has been claimed. Rule 5A further allows notification-based refunds when specified final products cannot utilize input credit for excise duty payment. Case law confirms refunds where utilization was prevented, where production ceased, or where clerical overpayments occurred, and recognises interest for delayed refunds. en-us Mon, 01 Dec 2008 00:00:00 +0530 Thu, 10 Dec 2009 21:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=235 Rule 5 permits refund of unutilized CENVAT credit where inputs or input services are used in exported goods or exported output services and such credit cannot be adjusted towards excise duty or service tax, subject to safeguards, conditions and limitations notified by the Central Government; refunds are barred where drawback or rebate for the same duty or service tax has been claimed. Rule 5A further allows notification-based refunds when specified final products cannot utilize input credit for excise duty payment. Case law confirms refunds where utilization was prevented, where production ceased, or where clerical overpayments occurred, and recognises interest for delayed refunds. Articles Cenvat Credit Mon, 01 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=235