https://www.taxtmi.com/caselaws?id=422488 The Appellate Tribunal CESTAT Mumbai dismissed the appeals regarding the refund of accumulated CENVAT credit upon the closure of a unit. Relying on previous court decisions, including one by the Hon'ble High Court of Bombay, the Tribunal held that cash refund is not permissible in such cases under Section 11B of the Central Excise Act, 1944. The Tribunal concluded that the appellant's grounds lacked merit, emphasizing the importance of adhering to established legal principles in similar cases and ruling in favor of the Revenue. en-us Fri, 29 Apr 2022 00:00:00 +0530 Tue, 17 May 2022 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422488 The Appellate Tribunal CESTAT Mumbai dismissed the appeals regarding the refund of accumulated CENVAT credit upon the closure of a unit. Relying on previous court decisions, including one by the Hon'ble High Court of Bombay, the Tribunal held that cash refund is not permissible in such cases under Section 11B of the Central Excise Act, 1944. The Tribunal concluded that the appellant's grounds lacked merit, emphasizing the importance of adhering to established legal principles in similar cases and ruling in favor of the Revenue. Case-Laws Central Excise Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422488