https://www.taxtmi.com/caselaws?id=267423 The appellant, a textile manufacturer, availed cenvat credit on input services for exported goods but faced denial of refund and penalties for illegitimate credit availing. Despite reversing credit and remitting interest under protest, authorities rejected refund claims and imposed penalties under Rule 15 of Cenvat Credit Rules, 2004. The appellant's arguments for legitimacy were dismissed, leading to the rejection of a refund claim of &8377;12,48,993. The penalty imposition was upheld, and the claim for refund under Section 11B of the Central Excise Act, 1944 was denied, emphasizing the illegality of credit availing. en-us Wed, 07 Oct 2015 00:00:00 +0530 Thu, 05 Nov 2015 22:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267423 The appellant, a textile manufacturer, availed cenvat credit on input services for exported goods but faced denial of refund and penalties for illegitimate credit availing. Despite reversing credit and remitting interest under protest, authorities rejected refund claims and imposed penalties under Rule 15 of Cenvat Credit Rules, 2004. The appellant's arguments for legitimacy were dismissed, leading to the rejection of a refund claim of &8377;12,48,993. The penalty imposition was upheld, and the claim for refund under Section 11B of the Central Excise Act, 1944 was denied, emphasizing the illegality of credit availing. Case-Laws Service Tax Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267423