Business Closure Refund Claim Denied: CENVAT Credit Cannot Be Monetized Post-Closure Due to Legislative Intent.

Business Closure Refund Claim Denied: CENVAT Credit Cannot Be Monetized Post-Closure Due to Legislative Intent. https://www.taxtmi.com/highlights?id=49048 Refund claim - CENVAT credit account that remained unutilized upon closure of business and surrender of registration certificate - legislative intent did not envisage the monetisation of CENVAT credit in the event of impossibility of utilisation. en-us Mon, 02 Sep 2019 07:52:18 +0530 Mon, 02 Sep 2019 07:52:18 +0530 TaxTMI RSS Generator Business Closure Refund Claim Denied: CENVAT Credit Cannot Be Monetized Post-Closure Due to Legislative Intent. https://www.taxtmi.com/highlights?id=49048 Refund claim - CENVAT credit account that remained unutilized upon closure of business and surrender of registration certificate - legislative intent did not envisage the monetisation of CENVAT credit in the event of impossibility of utilisation. Highlights Central Excise Mon, 02 Sep 2019 07:52:18 +0530 https://www.taxtmi.com/highlights?id=49048