Suo Motu Cenvat Credit Adjustment: No Refund Claim Needed u/s 11B Due to No Actual Fund Outflow.

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Full Text of the Document

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....Suo moto credit of excess credit reversed - process involving availment of suo motu Cenvat credit of the amount reversed earlier is a technical book adjustment and in absence of outflow of funds from assessee, filing of refund claim under Section 11B of the Act does not arise.....