https://www.taxtmi.com/caselaws?id=383508 The Larger Bench of the Bombay HC ruled in favor of the Revenue, denying cash refunds of unutilized credit under Section 11B of the Central Excise Act, 1944, even upon the closure of manufacturing activities. The Court determined such refunds are impermissible, and observations in specific orders do not constitute declarations of law under Article 141. Consequently, the appeals were resolved against the Assessee, affirming the Revenue's position. en-us Tue, 16 Jul 2019 00:00:00 +0530 Mon, 11 Nov 2024 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383508 The Larger Bench of the Bombay HC ruled in favor of the Revenue, denying cash refunds of unutilized credit under Section 11B of the Central Excise Act, 1944, even upon the closure of manufacturing activities. The Court determined such refunds are impermissible, and observations in specific orders do not constitute declarations of law under Article 141. Consequently, the appeals were resolved against the Assessee, affirming the Revenue's position. Case-Laws Central Excise Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383508