https://www.taxtmi.com/caselaws?id=441264 Cash refund of unutilised CENVAT credit on closure of a factory was held not admissible, following the Bombay High Court's reasoning in Gauri Plasticulture. The Tribunal noted that dismissal of the Revenue's special leave petition in Slovak India, with the question of law left open, did not amount to a declaration of law under Article 141 and therefore was not binding precedent. On that basis, the earlier SLP dismissal could not conclusively establish entitlement to refund, and the assessee's claim for refund of accumulated credit failed. en-us Wed, 02 Aug 2023 00:00:00 +0530 Fri, 04 Aug 2023 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441264 Cash refund of unutilised CENVAT credit on closure of a factory was held not admissible, following the Bombay High Court's reasoning in Gauri Plasticulture. The Tribunal noted that dismissal of the Revenue's special leave petition in Slovak India, with the question of law left open, did not amount to a declaration of law under Article 141 and therefore was not binding precedent. On that basis, the earlier SLP dismissal could not conclusively establish entitlement to refund, and the assessee's claim for refund of accumulated credit failed. Case-Laws Central Excise Wed, 02 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441264