https://www.taxtmi.com/caselaws?id=325947 The Tribunal upheld the entitlement of the assessee to a refund of the CENVAT credit amount paid by reversal at the insistence of the Insurance-Company. It emphasized the accrual of credit when raw materials are used in manufacturing dutiable final products. The Tribunal also dismissed the Revenue's argument regarding unjust enrichment, citing a larger Bench judgment and the prospective application of the reversal of credit amendment. The Tribunal's decision aligned with the interpretation of relevant rules, leading to the dismissal of the Revenue's appeal. en-us Thu, 04 Feb 2016 00:00:00 +0530 Mon, 08 Feb 2016 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325947 The Tribunal upheld the entitlement of the assessee to a refund of the CENVAT credit amount paid by reversal at the insistence of the Insurance-Company. It emphasized the accrual of credit when raw materials are used in manufacturing dutiable final products. The Tribunal also dismissed the Revenue's argument regarding unjust enrichment, citing a larger Bench judgment and the prospective application of the reversal of credit amendment. The Tribunal's decision aligned with the interpretation of relevant rules, leading to the dismissal of the Revenue's appeal. Case-Laws Central Excise Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325947