https://www.taxtmi.com/caselaws?id=395769 The Tribunal allowed the appeal filed by M/s. Koshambh Multitred Private Limited, overturning the denial of refund of Cenvat credit. The Tribunal found the rejection of the refund claim based on the substantial utilization of credit during the dispute period to be arbitrary and unverified. Emphasizing the practical challenges faced by the appellant in holding onto credit for 16 years, the Tribunal held that the appellant was entitled to a refund of the remaining balance amount arising from the export of goods. The impugned order was set aside, and the appeal was allowed with consequential relief on 05.06.2020. en-us Fri, 05 Jun 2020 00:00:00 +0530 Sat, 06 Feb 2021 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395769 The Tribunal allowed the appeal filed by M/s. Koshambh Multitred Private Limited, overturning the denial of refund of Cenvat credit. The Tribunal found the rejection of the refund claim based on the substantial utilization of credit during the dispute period to be arbitrary and unverified. Emphasizing the practical challenges faced by the appellant in holding onto credit for 16 years, the Tribunal held that the appellant was entitled to a refund of the remaining balance amount arising from the export of goods. The impugned order was set aside, and the appeal was allowed with consequential relief on 05.06.2020. Case-Laws Central Excise Fri, 05 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395769