https://www.taxtmi.com/caselaws?id=173020 Rule 5 of the Cenvat Credit Rules was read to permit refund of accumulated Cenvat credit where the credit cannot be adjusted for any reason, subject to any prescribed safeguards, conditions or limitations. The Court treated closure of the manufacturing unit as no bar to refund because the rule was not confined to any narrow class of situations, and no applicable notification imposing restrictions for closure was shown on record. Refund was therefore admissible, and the Revenue's challenge failed; the appeal was also found not to raise any substantial question of law. en-us Thu, 22 Sep 2011 00:00:00 +0530 Mon, 27 Mar 2017 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173020 Rule 5 of the Cenvat Credit Rules was read to permit refund of accumulated Cenvat credit where the credit cannot be adjusted for any reason, subject to any prescribed safeguards, conditions or limitations. The Court treated closure of the manufacturing unit as no bar to refund because the rule was not confined to any narrow class of situations, and no applicable notification imposing restrictions for closure was shown on record. Refund was therefore admissible, and the Revenue's challenge failed; the appeal was also found not to raise any substantial question of law. Case-Laws Customs Thu, 22 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173020