https://www.taxtmi.com/caselaws?id=768838 The CESTAT Kolkata held that the appellant was not liable for recovery of excess refund of accumulated Cenvat credit. The tribunal found that the appellant had utilized the accumulated Cenvat credit available as on 22.12.2002 by 31.01.2003, resulting in lesser refund received during December 2002 to February 2003. Following the precedent in Ozone Pharmaceuticals case, the tribunal concluded that utilization of Cenvat credit post-amendment satisfied refund eligibility conditions, making recovery unnecessary. The appeal was allowed on merits. en-us Wed, 15 Jan 2025 00:00:00 +0530 Tue, 15 Apr 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768838 The CESTAT Kolkata held that the appellant was not liable for recovery of excess refund of accumulated Cenvat credit. The tribunal found that the appellant had utilized the accumulated Cenvat credit available as on 22.12.2002 by 31.01.2003, resulting in lesser refund received during December 2002 to February 2003. Following the precedent in Ozone Pharmaceuticals case, the tribunal concluded that utilization of Cenvat credit post-amendment satisfied refund eligibility conditions, making recovery unnecessary. The appeal was allowed on merits. Case-Laws Central Excise Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768838