https://www.taxtmi.com/caselaws?id=793071 Refund of unutilized CENVAT credit under Rule 5 for exported services is governed by the prescribed formula, and one-to-one correlation between each input service and a specific export transaction is not required. Credit taken before the later time-limit restriction could not be denied on limitation grounds, and the refund claim filed within one year from export was not rejected on that basis. The unjust enrichment objection was not accepted on the facts, and the view that credit admissibility could not be examined in refund proceedings did not prevail in these circumstances. The claim was therefore treated as admissible with consequential relief. en-us Fri, 08 May 2026 00:00:00 +0530 Tue, 09 Jun 2026 07:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793071 Refund of unutilized CENVAT credit under Rule 5 for exported services is governed by the prescribed formula, and one-to-one correlation between each input service and a specific export transaction is not required. Credit taken before the later time-limit restriction could not be denied on limitation grounds, and the refund claim filed within one year from export was not rejected on that basis. The unjust enrichment objection was not accepted on the facts, and the view that credit admissibility could not be examined in refund proceedings did not prevail in these circumstances. The claim was therefore treated as admissible with consequential relief. Case-Laws Service Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793071