https://www.taxtmi.com/caselaws?id=787391 Rule 5 of the Cenvat Credit Rules, 2004, read with Notification No.27/2012, confines cash refund entitlement to physical exports (goods actually taken out of India); accordingly deemed exports do not qualify for refund under Rule 5 for the period considered. The insertion of Explanation 1(1A) to Rule 5 by Notification No.06/2015 is a clarificatory provision that restates the pre-existing statutory meaning and thus operates retrospectively. As a result, prior decisions treating deemed exports as equivalent to physical exports for Rule 5 refund purposes are not applicable where Explanation 1(1A) clarifies that only physical exports qualify. en-us Wed, 25 Feb 2026 00:00:00 +0530 Thu, 05 Mar 2026 08:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787391 Rule 5 of the Cenvat Credit Rules, 2004, read with Notification No.27/2012, confines cash refund entitlement to physical exports (goods actually taken out of India); accordingly deemed exports do not qualify for refund under Rule 5 for the period considered. The insertion of Explanation 1(1A) to Rule 5 by Notification No.06/2015 is a clarificatory provision that restates the pre-existing statutory meaning and thus operates retrospectively. As a result, prior decisions treating deemed exports as equivalent to physical exports for Rule 5 refund purposes are not applicable where Explanation 1(1A) clarifies that only physical exports qualify. Case-Laws Central Excise Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787391