https://www.taxtmi.com/caselaws?id=427182 For refund under Rule 5 of the Cenvat Credit Rules, the same export receipt cannot be counted twice in turnover computation. The Tribunal held that export turnover was undisputed and that receipts already included in export turnover for invoices raised before the relevant period but paid during it could not be added again to total turnover, as this would create double counting and wrongly reduce the eligible refund. The correct total turnover had to be used for recomputation of the refund formula. The refund calculation made by the lower authorities was therefore incorrect, and the assessee was entitled to recalculation and grant of the balance refund with interest. en-us Mon, 11 Jul 2022 00:00:00 +0530 Sat, 03 Sep 2022 08:05:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427182 For refund under Rule 5 of the Cenvat Credit Rules, the same export receipt cannot be counted twice in turnover computation. The Tribunal held that export turnover was undisputed and that receipts already included in export turnover for invoices raised before the relevant period but paid during it could not be added again to total turnover, as this would create double counting and wrongly reduce the eligible refund. The correct total turnover had to be used for recomputation of the refund formula. The refund calculation made by the lower authorities was therefore incorrect, and the assessee was entitled to recalculation and grant of the balance refund with interest. Case-Laws Service Tax Mon, 11 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427182