https://www.taxtmi.com/caselaws?id=52123 Refund of accumulated Cenvat/Modvat credit was treated as admissible where high-tension steel wires were moved to another factory under Chapter X procedure and the intermediate product made therefrom was ultimately exported under bond. The Tribunal regarded the recipient factory as part of the export chain, so the absence of direct export from the original manufacturing premises did not defeat credit refund. It applied the prior view that goods exported under bond are neither exempted goods nor goods chargeable at nil duty, and treated the later Cenvat provisions as pari materia with the earlier Modvat rules. On that basis, unutilised credit remained refundable when it could not be set off against duty. en-us Tue, 16 Sep 2003 00:00:00 +0530 Fri, 01 Oct 2010 13:31:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52123 Refund of accumulated Cenvat/Modvat credit was treated as admissible where high-tension steel wires were moved to another factory under Chapter X procedure and the intermediate product made therefrom was ultimately exported under bond. The Tribunal regarded the recipient factory as part of the export chain, so the absence of direct export from the original manufacturing premises did not defeat credit refund. It applied the prior view that goods exported under bond are neither exempted goods nor goods chargeable at nil duty, and treated the later Cenvat provisions as pari materia with the earlier Modvat rules. On that basis, unutilised credit remained refundable when it could not be set off against duty. Case-Laws Central Excise Tue, 16 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52123