https://www.taxtmi.com/caselaws?id=334613 The Tribunal allowed the appeals by M/s. Orient Craft Fashion Technologies Ltd., granting a cash refund of excise duty paid in excess. The Tribunal upheld the decision to provide a cash refund instead of credit, emphasizing the inability to utilize Modvat/Cenvat credit due to factory operations ceasing. The Tribunal rejected the Revenue's appeal, affirming the legality of the cash refund granted by the original authority. The judgment highlighted the flexibility in refund mechanisms and the allowance of cash refunds when parties are unable to effectively use Cenvat credit. en-us Tue, 20 Sep 2016 00:00:00 +0530 Thu, 17 Nov 2016 12:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334613 The Tribunal allowed the appeals by M/s. Orient Craft Fashion Technologies Ltd., granting a cash refund of excise duty paid in excess. The Tribunal upheld the decision to provide a cash refund instead of credit, emphasizing the inability to utilize Modvat/Cenvat credit due to factory operations ceasing. The Tribunal rejected the Revenue's appeal, affirming the legality of the cash refund granted by the original authority. The judgment highlighted the flexibility in refund mechanisms and the allowance of cash refunds when parties are unable to effectively use Cenvat credit. Case-Laws Central Excise Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334613