https://www.taxtmi.com/caselaws?id=295484 Accumulated Cenvat credit that had been used to discharge central excise duty could not be refunded in cash after the duty was later paid in cash and the factory closed. The credit, if any restoration was due, could only be returned to the Cenvat account because the scheme contained no statutory provision authorising cash refund of unutilised credit. Closure of the factory did not create a separate entitlement, and a cash refund would effectively neutralise the duty already paid in cash and undermine the statutory requirement of cash payment. The rejection of the refund claim was therefore legally correct. en-us Fri, 05 Jun 2015 00:00:00 +0530 Mon, 07 Jun 2021 08:35:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295484 Accumulated Cenvat credit that had been used to discharge central excise duty could not be refunded in cash after the duty was later paid in cash and the factory closed. The credit, if any restoration was due, could only be returned to the Cenvat account because the scheme contained no statutory provision authorising cash refund of unutilised credit. Closure of the factory did not create a separate entitlement, and a cash refund would effectively neutralise the duty already paid in cash and undermine the statutory requirement of cash payment. The rejection of the refund claim was therefore legally correct. Case-Laws Central Excise Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295484