https://www.taxtmi.com/caselaws?id=348102 Refund of accumulated Cenvat credit under Rule 5 could not be denied for exports merely because the assessee did not prove one-to-one correlation between inputs and exported final products. The Tribunal relied on the governing circular and its earlier view that past-period credit may be carried forward and claimed later, and that such refund is not confined to the quarter in which the credit arose. It also held that the refund scheme did not require separate records showing exclusive use of inputs in exported goods. The refund allowed by the Commissioner (Appeals) was therefore sustained and the Revenue's challenge failed. en-us Mon, 27 Feb 2017 00:00:00 +0530 Sat, 16 Sep 2017 08:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348102 Refund of accumulated Cenvat credit under Rule 5 could not be denied for exports merely because the assessee did not prove one-to-one correlation between inputs and exported final products. The Tribunal relied on the governing circular and its earlier view that past-period credit may be carried forward and claimed later, and that such refund is not confined to the quarter in which the credit arose. It also held that the refund scheme did not require separate records showing exclusive use of inputs in exported goods. The refund allowed by the Commissioner (Appeals) was therefore sustained and the Revenue's challenge failed. Case-Laws Central Excise Mon, 27 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348102