2014 (7) TMI 352

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.... For the Respondent : Shri V C Khole, Dy Commissioner, (AR) JUDGEMENT Per: Ashok Jindal: The appellant is in appeal against the impugned order for denying the sanctioned refund amount paying by cash. 2. Brief facts of the case are that the appellant is the manufacture of batteries which they were exporting outside India. In one of the clearance, the foreign buyer has cancelled the or....

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....8% of the value of the exempted goods. In these circumstances, a refund of Rs. 11,32,694.69 was to be given to the appellant. Accordingly, the appellant filed a refund claim. The adjudicating authority has sanctioned a sum of Rs. 2,00,000/- in cash and the remaining amount he held that the said amount will be credit in CENVAT amount. Aggrieved by the same, the appellant is in appeal before this Tr....

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....s examined and decided as under:-     "2. The matter has been examined by the Board. Cash refund of the unutilised Modvat credit is an incentive given to manufacturers and exporters and non-grant of such claim will affect the competitiveness of the Indian industry in the International market. Accordingly I am directed to say that all such refund claims filed under the provisions ....