https://www.taxtmi.com/caselaws?id=345076 The tribunal upheld the denial of refund by the Commissioner (Appeals) as Rule 5 of the Cenvat Credit Rules, 2004, was deemed inapplicable to the case where pharmaceutical products were exported mainly under rebate, not under bond or LUT. The appellant's claim for accumulated cenvat credit due to an inverted duty structure was rejected, emphasizing that Rule 5 only covers inputs used in products exported under bond or LUT, leading to the dismissal of the appeal. en-us Fri, 26 May 2017 00:00:00 +0530 Wed, 12 Jul 2017 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345076 The tribunal upheld the denial of refund by the Commissioner (Appeals) as Rule 5 of the Cenvat Credit Rules, 2004, was deemed inapplicable to the case where pharmaceutical products were exported mainly under rebate, not under bond or LUT. The appellant's claim for accumulated cenvat credit due to an inverted duty structure was rejected, emphasizing that Rule 5 only covers inputs used in products exported under bond or LUT, leading to the dismissal of the appeal. Case-Laws Central Excise Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345076