https://www.taxtmi.com/caselaws?id=249315 Refund arising from reversal of credit linked to exports was treated as payable in cash where the exporter's factory had closed and the accumulated credit could not be utilised. The analysis relied on the Board circular on cash refund of unutilised credit, which recognises that exporters should not be denied refund merely because the credit remains stranded in the account. On those facts, the unutilised export-linked credit was refundable in cash rather than only by credit entry in the CENVAT account. en-us Wed, 05 Mar 2014 00:00:00 +0530 Thu, 20 Nov 2014 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249315 Refund arising from reversal of credit linked to exports was treated as payable in cash where the exporter's factory had closed and the accumulated credit could not be utilised. The analysis relied on the Board circular on cash refund of unutilised credit, which recognises that exporters should not be denied refund merely because the credit remains stranded in the account. On those facts, the unutilised export-linked credit was refundable in cash rather than only by credit entry in the CENVAT account. Case-Laws Central Excise Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249315