https://www.taxtmi.com/caselaws?id=432072 The tribunal held that the appellant wrongly availed cenvat credit of Rs. 3,75,000 without following proper procedure, as the redemption fine amount was not eligible under the Cenvat Credit Rules. The revenue department's denial of the credit was upheld, and the appellant was directed to file a formal refund claim for the amount seized from the bank guarantee. The tribunal clarified the distinction between cenvat credit and refund processes under the Central Excise Act, granting the appellant three months to file a formal refund claim. en-us Fri, 23 Dec 2022 00:00:00 +0530 Wed, 28 Dec 2022 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432072 The tribunal held that the appellant wrongly availed cenvat credit of Rs. 3,75,000 without following proper procedure, as the redemption fine amount was not eligible under the Cenvat Credit Rules. The revenue department's denial of the credit was upheld, and the appellant was directed to file a formal refund claim for the amount seized from the bank guarantee. The tribunal clarified the distinction between cenvat credit and refund processes under the Central Excise Act, granting the appellant three months to file a formal refund claim. Case-Laws Central Excise Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432072