https://www.taxtmi.com/caselaws?id=768401 CESTAT Kolkata allowed the appeal, holding that the appellant was entitled to refund of unutilized CENVAT credit of Rs. 5,58,015/- following business closure and surrender of service tax registration. The tribunal relied on SC precedent in Union of India vs. Slovak India Trading Co Pvt. Ltd., which established that CENVAT credit is a vested right that cannot be extinguished merely due to business closure. Rule 5 of CENVAT Credit Rules, 2004 read with Section 11B of Central Excise Act provides framework for such refunds. The appellant was also granted interest under Section 11BB from three months after application date until actual refund, as the refund was wrongfully denied despite timely filing. en-us Fri, 04 Apr 2025 00:00:00 +0530 Mon, 07 Apr 2025 08:32:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768401 CESTAT Kolkata allowed the appeal, holding that the appellant was entitled to refund of unutilized CENVAT credit of Rs. 5,58,015/- following business closure and surrender of service tax registration. The tribunal relied on SC precedent in Union of India vs. Slovak India Trading Co Pvt. Ltd., which established that CENVAT credit is a vested right that cannot be extinguished merely due to business closure. Rule 5 of CENVAT Credit Rules, 2004 read with Section 11B of Central Excise Act provides framework for such refunds. The appellant was also granted interest under Section 11BB from three months after application date until actual refund, as the refund was wrongfully denied despite timely filing. Case-Laws Service Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768401