https://www.taxtmi.com/forum/issue?id=115195 Whether a pre-deposit made using CENVAT credit may be recovered in cash turns on admissibility and utilisa tion of the credit: where the assessee can utilize the credit, refund in cash is not ordinarily available and cash refunds arose mainly on closure or full exemption; judicial decisions supported cash refunds in certain cases. A transitional statutory provision directs that in appeal or review proceedings initiated before, on or after the appointed day any amount of credit found admissible shall be refunded in cash, subject to specified exceptions, while rejected amounts are not admissible as input tax credit. en-us Wed, 17 Jul 2019 10:25:00 +0530 Thu, 23 Jan 2025 15:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115195 Whether a pre-deposit made using CENVAT credit may be recovered in cash turns on admissibility and utilisa tion of the credit: where the assessee can utilize the credit, refund in cash is not ordinarily available and cash refunds arose mainly on closure or full exemption; judicial decisions supported cash refunds in certain cases. A transitional statutory provision directs that in appeal or review proceedings initiated before, on or after the appointed day any amount of credit found admissible shall be refunded in cash, subject to specified exceptions, while rejected amounts are not admissible as input tax credit. Discussion-Forum Service Tax Wed, 17 Jul 2019 10:25:00 +0530 https://www.taxtmi.com/forum/issue?id=115195