https://www.taxtmi.com/caselaws?id=410545 Refund of unutilised CENVAT credit under Rule 5 of the CENVAT Credit Rules, 2004 could not be denied for an alleged procedural defect in debiting the refund amount under Notification No. 27/2012-CE(NT), where the ledger, returns, reconciliation statements and chartered accountant's certificate showed that the debit requirement was in substance met and no dual benefit arose. The refund rejection was therefore unsustainable. Interest was also payable on the delayed sanction of the refund because the amount remained unpaid beyond the prescribed three-month period from receipt of the refund application, attracting statutory interest. en-us Tue, 03 Aug 2021 00:00:00 +0530 Wed, 04 Aug 2021 08:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410545 Refund of unutilised CENVAT credit under Rule 5 of the CENVAT Credit Rules, 2004 could not be denied for an alleged procedural defect in debiting the refund amount under Notification No. 27/2012-CE(NT), where the ledger, returns, reconciliation statements and chartered accountant's certificate showed that the debit requirement was in substance met and no dual benefit arose. The refund rejection was therefore unsustainable. Interest was also payable on the delayed sanction of the refund because the amount remained unpaid beyond the prescribed three-month period from receipt of the refund application, attracting statutory interest. Case-Laws Service Tax Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410545