https://www.taxtmi.com/caselaws?id=452 Rule 5 of the Cenvat Credit Rules, 2002 permits refund of accumulated Cenvat credit on inputs used in exported final products where the credit cannot be adjusted, subject to the prescribed safeguards and notification-based conditions. The expression "for any reason" is wide enough to cover situations where the credit remains unutilised, so refund cannot be denied merely because future utilisation may be possible. Transitional credit taken under Rule 9A was treated as credit within the Cenvat scheme and covered by the refund notification. Refund of such accumulated credit was therefore allowable in principle, subject to verification of records for quantification. en-us Fri, 24 Mar 2006 00:00:00 +0530 Thu, 14 Mar 2024 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=452 Rule 5 of the Cenvat Credit Rules, 2002 permits refund of accumulated Cenvat credit on inputs used in exported final products where the credit cannot be adjusted, subject to the prescribed safeguards and notification-based conditions. The expression "for any reason" is wide enough to cover situations where the credit remains unutilised, so refund cannot be denied merely because future utilisation may be possible. Transitional credit taken under Rule 9A was treated as credit within the Cenvat scheme and covered by the refund notification. Refund of such accumulated credit was therefore allowable in principle, subject to verification of records for quantification. Case-Laws Central Excise Fri, 24 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=452