Cash Refunds for Unutilized CENVAT Credit Pre-2004 Not Supported by Transitional Provisions Under Cenvat Credit Rules, 2004.

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....Cash refund - unutilized CENVAT credit on inputs - transfer of credit for the period prior to 2004 to Cenvat Credit Rules, 2004 scheme - transitional provision does not enable us to hold that the amount of un-utilised Cenvat Credit can be refunded in cash.....