https://www.taxtmi.com/caselaws?id=34126 Unutilized Cenvat credit may be refunded in cash where a manufacturer has closed the factory, surrendered the excise licence, and exited the credit scheme, because Rule 5 of the Cenvat Credit Rules, 2002 does not expressly bar such refund. Applying that principle, the Tribunal sustained the order granting cash refund and rejected the Revenue's challenge. en-us Wed, 26 Nov 2008 00:00:00 +0530 Sat, 25 Dec 2010 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34126 Unutilized Cenvat credit may be refunded in cash where a manufacturer has closed the factory, surrendered the excise licence, and exited the credit scheme, because Rule 5 of the Cenvat Credit Rules, 2002 does not expressly bar such refund. Applying that principle, the Tribunal sustained the order granting cash refund and rejected the Revenue's challenge. Case-Laws Central Excise Wed, 26 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34126