https://www.taxtmi.com/caselaws?id=334759 Unutilised Cenvat credit lying in the books on closure of a factory could not be refunded in cash because the credit scheme permits adjustment against duty liability, and refund is available only where the governing rules expressly authorise it. The Tribunal noted that statutory refund under the Cenvat framework is confined to limited situations such as export-related claims under Rule 5 or Rule 5A of the Cenvat Credit Rules, 2004, and the present claim did not fit within those provisions. The cash refund claim therefore failed, and the order denying refund was sustained. en-us Fri, 07 Oct 2016 00:00:00 +0530 Sat, 19 Nov 2016 16:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334759 Unutilised Cenvat credit lying in the books on closure of a factory could not be refunded in cash because the credit scheme permits adjustment against duty liability, and refund is available only where the governing rules expressly authorise it. The Tribunal noted that statutory refund under the Cenvat framework is confined to limited situations such as export-related claims under Rule 5 or Rule 5A of the Cenvat Credit Rules, 2004, and the present claim did not fit within those provisions. The cash refund claim therefore failed, and the order denying refund was sustained. Case-Laws Central Excise Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334759