https://www.taxtmi.com/caselaws?id=361810 The Tribunal allowed the appeal, setting aside the rejection of the refund claim for unutilized CENVAT credit due to factory closure. The appellant's argument that the credit was not transferred to the new owner as per the business agreement was accepted. The Tribunal held that there is no provision prohibiting a refund in such cases and cited relevant case law in support. The rejection of the refund claim was deemed unjustified, and consequential relief was granted based on established legal principles and precedents. en-us Mon, 04 Jun 2018 00:00:00 +0530 Thu, 14 Jun 2018 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361810 The Tribunal allowed the appeal, setting aside the rejection of the refund claim for unutilized CENVAT credit due to factory closure. The appellant's argument that the credit was not transferred to the new owner as per the business agreement was accepted. The Tribunal held that there is no provision prohibiting a refund in such cases and cited relevant case law in support. The rejection of the refund claim was deemed unjustified, and consequential relief was granted based on established legal principles and precedents. Case-Laws Central Excise Mon, 04 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361810