https://www.taxtmi.com/caselaws?id=766942 Cash refund of accumulated, unutilised Cenvat credit on factory closure is not available merely because manufacturing activity has ceased. Rule 5 of the Cenvat Credit Rules, 2004 and Section 11B of the Central Excise Act, 1944 do not authorise conversion of such credit into cash in the absence of an express statutory provision. The Supreme Court order in Slovak India Trading Pvt. Ltd. is not treated as a binding declaration of law under Article 141 for this purpose. Unutilised credit therefore remains non-refundable in cash on closure of the manufacturing unit. en-us Wed, 12 Feb 2025 00:00:00 +0530 Fri, 07 Mar 2025 08:41:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766942 Cash refund of accumulated, unutilised Cenvat credit on factory closure is not available merely because manufacturing activity has ceased. Rule 5 of the Cenvat Credit Rules, 2004 and Section 11B of the Central Excise Act, 1944 do not authorise conversion of such credit into cash in the absence of an express statutory provision. The Supreme Court order in Slovak India Trading Pvt. Ltd. is not treated as a binding declaration of law under Article 141 for this purpose. Unutilised credit therefore remains non-refundable in cash on closure of the manufacturing unit. Case-Laws Central Excise Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766942