https://www.taxtmi.com/caselaws?id=361804 Refund of accumulated and unutilized Cenvat credit on closure of a factory was held to be governed by the Cenvat Credit scheme and Rule 5 of the Cenvat Credit Rules, 2004, which permit refund only within the limitation period prescribed by Section 11B of the Central Excise Act, 1944. The text notes that Cenvat credit is meant for adjustment against excise duty on final products and does not, by itself, create a general entitlement to cash refund when the balance cannot be utilised. As the claim was filed more than three years after the relevant date, beyond the statutory one-year period, it was barred by limitation and was rightly rejected. en-us Fri, 16 Mar 2018 00:00:00 +0530 Fri, 15 Jun 2018 07:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361804 Refund of accumulated and unutilized Cenvat credit on closure of a factory was held to be governed by the Cenvat Credit scheme and Rule 5 of the Cenvat Credit Rules, 2004, which permit refund only within the limitation period prescribed by Section 11B of the Central Excise Act, 1944. The text notes that Cenvat credit is meant for adjustment against excise duty on final products and does not, by itself, create a general entitlement to cash refund when the balance cannot be utilised. As the claim was filed more than three years after the relevant date, beyond the statutory one-year period, it was barred by limitation and was rightly rejected. Case-Laws Central Excise Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361804