https://www.taxtmi.com/caselaws?id=352891 Refund of accumulated Cenvat credit under Rule 5 was treated as admissible where export-linked credit remained unutilised after the unit closed. The Tribunal noted that the Larger Bench view was displaced by the Karnataka High Court in Slovak India Trading Co. and the Bombay High Court in Jain Vanguard Polybutlene, both supporting refund when credit could not be effectively utilised, particularly after exit from the Modvat/Cenvat scheme. On that basis, the contrary Larger Bench position was not followed and the refund rejection was set aside with consequential relief. en-us Fri, 08 Dec 2017 00:00:00 +0530 Fri, 05 Jan 2018 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352891 Refund of accumulated Cenvat credit under Rule 5 was treated as admissible where export-linked credit remained unutilised after the unit closed. The Tribunal noted that the Larger Bench view was displaced by the Karnataka High Court in Slovak India Trading Co. and the Bombay High Court in Jain Vanguard Polybutlene, both supporting refund when credit could not be effectively utilised, particularly after exit from the Modvat/Cenvat scheme. On that basis, the contrary Larger Bench position was not followed and the refund rejection was set aside with consequential relief. Case-Laws Central Excise Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352891