https://www.taxtmi.com/caselaws?id=445785 Cash refund of duty and Cenvat credit relating to inputs and stock lying at the time of de-bonding of a 100% EOU was found admissible. The dispute centred on whether credit attributable to raw materials and finished or semi-finished goods could be refunded in cash. The department later dropped the proposed recovery proceedings and accepted that credit taken on the relevant inputs and stock was allowable under Rule 3(1)(i), (vii) and (via) of the Cenvat Credit Rules, 2004. In light of that position, the challenge to the refund could not survive, and the impugned order was set aside. en-us Fri, 17 Nov 2023 00:00:00 +0530 Sat, 18 Nov 2023 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445785 Cash refund of duty and Cenvat credit relating to inputs and stock lying at the time of de-bonding of a 100% EOU was found admissible. The dispute centred on whether credit attributable to raw materials and finished or semi-finished goods could be refunded in cash. The department later dropped the proposed recovery proceedings and accepted that credit taken on the relevant inputs and stock was allowable under Rule 3(1)(i), (vii) and (via) of the Cenvat Credit Rules, 2004. In light of that position, the challenge to the refund could not survive, and the impugned order was set aside. Case-Laws Central Excise Fri, 17 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445785