2009 (1) TMI 623

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.... Singh, DR, for the Respondent. [Order]. - The Appellant are manufacturers of Iron and Steel products falling under Chapter 72 of the Central Excise Tariff and they were also availing of the Cenvat credit facility on the inputs and capital goods under terms of Cenvat Credit Rules, 2002. The Appellant closed down their unit in February 2004 and in this regard they surrendered the Central Exci....

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.... that there is absolutely no provision either in the Central Excise Rules or in the Cenvat Credit Rules regarding the refund of unutilized Cenvat credit when the assessee closes down the factory and surrenders the Central Excise Registration. 4. I have carefully considered the submissions from both the sides. There is no dispute about the fact that there is no provision either in the Cenva....