https://www.taxtmi.com/caselaws?id=392312 The Tribunal upheld the order-in-appeal, affirming the full allowance of the refund claim under the CENVAT Credit Rules, 2004. The appeal by Revenue challenging the refund order was dismissed, as the first appellate authority's interpretation of the formula for calculating eligible monetization of CENVAT credit was found to be in accordance with the law. The core issue revolved around determining values for the formula in the Rules, with the Tribunal emphasizing that once eligibility is defined in a formula, deviating from that interpretation is impermissible. en-us Mon, 22 Jul 2019 00:00:00 +0530 Tue, 18 Feb 2020 11:21:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392312 The Tribunal upheld the order-in-appeal, affirming the full allowance of the refund claim under the CENVAT Credit Rules, 2004. The appeal by Revenue challenging the refund order was dismissed, as the first appellate authority's interpretation of the formula for calculating eligible monetization of CENVAT credit was found to be in accordance with the law. The core issue revolved around determining values for the formula in the Rules, with the Tribunal emphasizing that once eligibility is defined in a formula, deviating from that interpretation is impermissible. Case-Laws Service Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392312