https://www.taxtmi.com/caselaws?id=360945 Unutilized CENVAT credit could not be refunded in cash merely because the factory had closed, as credit must be adjusted under the statutory scheme unless law expressly permits cash refund. The Tribunal followed the Larger Bench view that absence of an express bar does not create a right to cash refund, and that such refund is recognised only in legally permitted situations such as export. The claim for cash refund therefore failed, and the impugned order was sustained. en-us Wed, 28 Mar 2018 00:00:00 +0530 Sat, 26 May 2018 07:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360945 Unutilized CENVAT credit could not be refunded in cash merely because the factory had closed, as credit must be adjusted under the statutory scheme unless law expressly permits cash refund. The Tribunal followed the Larger Bench view that absence of an express bar does not create a right to cash refund, and that such refund is recognised only in legally permitted situations such as export. The claim for cash refund therefore failed, and the impugned order was sustained. Case-Laws Central Excise Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360945