Refund of CENVAT Credit.

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Full Text of the Document

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....rds, conditions and limitations, as may be specified by the Board by notification in the Official Gazette: Refund amount = (Export turnover of goods) / Total turnover x Net CENVAT Credit Where,- (a) "Refund amount" means the maximum refund that is admissible; (b) "Net CENVAT credit" means total CENVAT credit availed on inputs by the manufacturer reduced by the amount revers....