Factory Closure Refund Claim Denied Due to Lack of Provision for Cash Refunds Under CENVAT Credit Rules.

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....Cash Refund - unutilized CENVAT credit - closure of factory - there is no provision in Central Excise Act or in that CENVAT credit rules to give cash refund of accumulated credit - the subject refund claim of the CENVAT amount lying in the appellant’s account is not admissible - AT....