High Court Denies Relief as Petitioner Misuses CENVAT Credit Pending Duty Drawback Decision, Breaching Rule 3(5).

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....CENVAT Credit - while awaiting the decision on time relaxation towards claim of duty drawback, the petitioner continued to profit from the wrongly utilized CENVAT credit till May 2012, clearly in contravention of Rule 3(5) of the CENVAT Credit Rules - assessee not entitled for any relief - HC....