https://www.taxtmi.com/caselaws?id=53950 Clearances for World Bank aided projects were treated as deemed exports, so no excise duty was otherwise payable. Where duty had been paid at clearance and refund was later claimed, the Board's Circular No. 220/54/96-CX dated 04.06.1996 supported cash refund even when unutilised Modvat credit was involved. On that basis, the view that refund had to be granted only by credit to the Cenvat/Modvat account was rejected, and cash refund was upheld as the correct mode of relief. en-us Fri, 11 Mar 2005 00:00:00 +0530 Sat, 16 Oct 2010 11:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53950 Clearances for World Bank aided projects were treated as deemed exports, so no excise duty was otherwise payable. Where duty had been paid at clearance and refund was later claimed, the Board's Circular No. 220/54/96-CX dated 04.06.1996 supported cash refund even when unutilised Modvat credit was involved. On that basis, the view that refund had to be granted only by credit to the Cenvat/Modvat account was rejected, and cash refund was upheld as the correct mode of relief. Case-Laws Central Excise Fri, 11 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53950