https://www.taxtmi.com/caselaws?id=397842 The Tribunal upheld the rejection of the refund claim for unutilized Cenvat credit filed after factory closure, emphasizing that existing legal provisions do not allow for cash refunds post-factory closure. Despite arguments based on precedents, the Tribunal found no legal basis for the appellant's request and dismissed the appeal. The analysis focused on the inapplicability of Section 11B of the Central Excise Act, 1944 to Cenvat credit refunds and highlighted that Rule 10 governs transfer, not cash refunds, of unutilized credit. en-us Wed, 18 Dec 2019 00:00:00 +0530 Sat, 07 Nov 2020 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397842 The Tribunal upheld the rejection of the refund claim for unutilized Cenvat credit filed after factory closure, emphasizing that existing legal provisions do not allow for cash refunds post-factory closure. Despite arguments based on precedents, the Tribunal found no legal basis for the appellant's request and dismissed the appeal. The analysis focused on the inapplicability of Section 11B of the Central Excise Act, 1944 to Cenvat credit refunds and highlighted that Rule 10 governs transfer, not cash refunds, of unutilized credit. Case-Laws Central Excise Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397842