https://www.taxtmi.com/caselaws?id=353630 Cenvat credit reversed under protest during pending proceedings was held refundable in cash after the show cause notices were dropped. The credit had been reversed to meet contested proceedings, and the factory had closed before the proceedings ended, so the amount was not available for utilisation. The Larger Bench ruling cited by the Revenue was distinguished because it concerned unutilised credit at factory closure, not reversal under protest in the course of pending proceedings. On that basis, the refund granted by the appellate authority was upheld and the Revenue's challenge failed. en-us Wed, 20 Dec 2017 00:00:00 +0530 Fri, 09 Sep 2022 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353630 Cenvat credit reversed under protest during pending proceedings was held refundable in cash after the show cause notices were dropped. The credit had been reversed to meet contested proceedings, and the factory had closed before the proceedings ended, so the amount was not available for utilisation. The Larger Bench ruling cited by the Revenue was distinguished because it concerned unutilised credit at factory closure, not reversal under protest in the course of pending proceedings. On that basis, the refund granted by the appellate authority was upheld and the Revenue's challenge failed. Case-Laws Central Excise Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353630