https://www.taxtmi.com/caselaws?id=376953 Refund of unutilized CENVAT credit on closure of the factory was held admissible because the credit accumulated against duty suffered on inputs, capital goods and input services is meant for set-off against duty liability, and Rule 5 of the CENVAT Credit Rules, 2002 does not expressly prohibit refund after manufacturing has ceased. Following binding precedent, CESTAT Chennai set aside the rejection of the refund claim and allowed relief to the assessee. en-us Wed, 13 Mar 2019 00:00:00 +0530 Tue, 19 Mar 2019 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376953 Refund of unutilized CENVAT credit on closure of the factory was held admissible because the credit accumulated against duty suffered on inputs, capital goods and input services is meant for set-off against duty liability, and Rule 5 of the CENVAT Credit Rules, 2002 does not expressly prohibit refund after manufacturing has ceased. Following binding precedent, CESTAT Chennai set aside the rejection of the refund claim and allowed relief to the assessee. Case-Laws Central Excise Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376953