https://www.taxtmi.com/caselaws?id=252543 The Tribunal dismissed the appeal by M/s. Phoenix Industries Pvt. Ltd., holding that the refund claim of Rs. 35,49,815 was not supported by law. The Tribunal clarified that Rule 5 of the Cenvat Credit Rules, 2004, only allows refunds when adjustments of CENVAT Credit are not possible for goods cleared for home consumption or export on payment of duty, not for factory closures. The Tribunal emphasized that judicial orders cited by the appellants did not provide a basis for refunds in cases of factory closure. en-us Thu, 07 Aug 2014 00:00:00 +0530 Tue, 16 Feb 2016 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252543 The Tribunal dismissed the appeal by M/s. Phoenix Industries Pvt. Ltd., holding that the refund claim of Rs. 35,49,815 was not supported by law. The Tribunal clarified that Rule 5 of the Cenvat Credit Rules, 2004, only allows refunds when adjustments of CENVAT Credit are not possible for goods cleared for home consumption or export on payment of duty, not for factory closures. The Tribunal emphasized that judicial orders cited by the appellants did not provide a basis for refunds in cases of factory closure. Case-Laws Central Excise Thu, 07 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252543