https://www.taxtmi.com/caselaws?id=443749 A retrospective amendment to the area-based exemption framework and CENVAT Credit Rules was applied to a dispute over whether a previously sanctioned refund could be recovered or appropriated on the basis of alleged excess refund before 22.12.2002. The Tribunal reasoned that the assessee's later utilisation of accumulated CENVAT credit had to be considered in the full period context, because the overall position was revenue neutral and there was no real loss to the Revenue. On that basis, the earlier refund could not be denied or recovered by isolating only the pre-22.12.2002 position. en-us Tue, 26 Sep 2023 00:00:00 +0530 Fri, 29 Sep 2023 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443749 A retrospective amendment to the area-based exemption framework and CENVAT Credit Rules was applied to a dispute over whether a previously sanctioned refund could be recovered or appropriated on the basis of alleged excess refund before 22.12.2002. The Tribunal reasoned that the assessee's later utilisation of accumulated CENVAT credit had to be considered in the full period context, because the overall position was revenue neutral and there was no real loss to the Revenue. On that basis, the earlier refund could not be denied or recovered by isolating only the pre-22.12.2002 position. Case-Laws Central Excise Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443749