https://www.taxtmi.com/caselaws?id=443180 The Tribunal, following the binding precedent established by the Supreme Court in Slovak India Trading Co. Pvt. Ltd., ruled in favor of the appellant for the refund of unutilized CENVAT credit upon the closure of their factory. The Tribunal emphasized the applicability of binding judicial precedent and stare decisis, directing the respondent department to pay the refund amount with interest within three months. Additionally, the Tribunal found that the refund claim was not barred by limitation due to the unique circumstances of the factory's closure and the absence of a specific time limit in the CENVAT Credit Rules. en-us Wed, 06 Sep 2023 00:00:00 +0530 Tue, 19 Sep 2023 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443180 The Tribunal, following the binding precedent established by the Supreme Court in Slovak India Trading Co. Pvt. Ltd., ruled in favor of the appellant for the refund of unutilized CENVAT credit upon the closure of their factory. The Tribunal emphasized the applicability of binding judicial precedent and stare decisis, directing the respondent department to pay the refund amount with interest within three months. Additionally, the Tribunal found that the refund claim was not barred by limitation due to the unique circumstances of the factory's closure and the absence of a specific time limit in the CENVAT Credit Rules. Case-Laws Central Excise Wed, 06 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443180