https://www.taxtmi.com/caselaws?id=385248 Unutilised CENVAT credit remaining after closure of business and surrender of registration is not refundable merely because manufacturing has ceased. The Tribunal treated CENVAT credit as a statutory set-off mechanism for adjusting duty liability in the production chain, not as a scheme that converts unused credit into cash. It distinguished cases on refund of duty collected without authority of law, noting that those authorities involved different facts and ongoing liability disputes. On that basis, closure of the unit did not create any entitlement to monetise accumulated credit, and rejection of the refund claims was sustained. en-us Thu, 29 Aug 2019 00:00:00 +0530 Mon, 02 Sep 2019 07:52:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385248 Unutilised CENVAT credit remaining after closure of business and surrender of registration is not refundable merely because manufacturing has ceased. The Tribunal treated CENVAT credit as a statutory set-off mechanism for adjusting duty liability in the production chain, not as a scheme that converts unused credit into cash. It distinguished cases on refund of duty collected without authority of law, noting that those authorities involved different facts and ongoing liability disputes. On that basis, closure of the unit did not create any entitlement to monetise accumulated credit, and rejection of the refund claims was sustained. Case-Laws Central Excise Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385248