https://www.taxtmi.com/caselaws?id=330909 The Tribunal allowed the refund of unutilized CENVAT credit upon surrendering the registration certificate, overturning the Department's denial. Relying on Rule 5 of the CENVAT Credit Rules 2004 and legal precedents, including the Slovak Trading case, the Tribunal held in favor of the appellant. The Department's argument that credit lapses upon business closure was dismissed. The appellant's appeal was allowed, emphasizing the availability of refund in cases of business closure as supported by legal precedents. en-us Thu, 04 Aug 2016 00:00:00 +0530 Thu, 06 Apr 2017 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330909 The Tribunal allowed the refund of unutilized CENVAT credit upon surrendering the registration certificate, overturning the Department's denial. Relying on Rule 5 of the CENVAT Credit Rules 2004 and legal precedents, including the Slovak Trading case, the Tribunal held in favor of the appellant. The Department's argument that credit lapses upon business closure was dismissed. The appellant's appeal was allowed, emphasizing the availability of refund in cases of business closure as supported by legal precedents. Case-Laws Central Excise Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330909