https://www.taxtmi.com/caselaws?id=766196 Rule 5 of the CENVAT Credit Rules, 2004 permits refund of accumulated credit subject only to the conditions in the notification, and disclosure of the credit balance in ST-3 returns is not a condition precedent. Clause 2(g) of Notification No. 27/2012-CE(N.T.) limits refund to the lower of the quarter-end balance or the balance at the time of claim, but does not add an unstated reporting requirement. The text also states that a refund claim cannot be rejected merely because a corrigendum or revised return was filed later, or because credit was alleged not to have been taken within one year, where the underlying credit entries were accepted and the invoices were not shown to be time-barred. The appeal succeeded and refund was directed to be sanctioned according to law. en-us Tue, 18 Feb 2025 00:00:00 +0530 Thu, 20 Feb 2025 08:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766196 Rule 5 of the CENVAT Credit Rules, 2004 permits refund of accumulated credit subject only to the conditions in the notification, and disclosure of the credit balance in ST-3 returns is not a condition precedent. Clause 2(g) of Notification No. 27/2012-CE(N.T.) limits refund to the lower of the quarter-end balance or the balance at the time of claim, but does not add an unstated reporting requirement. The text also states that a refund claim cannot be rejected merely because a corrigendum or revised return was filed later, or because credit was alleged not to have been taken within one year, where the underlying credit entries were accepted and the invoices were not shown to be time-barred. The appeal succeeded and refund was directed to be sanctioned according to law. Case-Laws Service Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766196