https://www.taxtmi.com/caselaws?id=374451 The Tribunal allowed the appeal for refund of unutilized CENVAT credit following the closure of the factory. The denial of refund by the original authority and Commissioner (Appeals) was deemed unjustified as there is no explicit provision in the CENVAT Credit Rules prohibiting refunds in cases of factory closure. Relying on precedents, including decisions from the High Courts of Karnataka and Rajasthan, the Tribunal held that appellants exiting the CENVAT credit scheme are entitled to a refund. Consequently, the impugned order disallowing the refund was set aside, and any necessary consequential relief was granted. en-us Tue, 20 Nov 2018 00:00:00 +0530 Sat, 02 Feb 2019 09:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374451 The Tribunal allowed the appeal for refund of unutilized CENVAT credit following the closure of the factory. The denial of refund by the original authority and Commissioner (Appeals) was deemed unjustified as there is no explicit provision in the CENVAT Credit Rules prohibiting refunds in cases of factory closure. Relying on precedents, including decisions from the High Courts of Karnataka and Rajasthan, the Tribunal held that appellants exiting the CENVAT credit scheme are entitled to a refund. Consequently, the impugned order disallowing the refund was set aside, and any necessary consequential relief was granted. Case-Laws Central Excise Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374451