2020 (2) TMI 756

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....ilip SHinde, AC (Authorised Representative) for the appellant Shri H.G. Dharmadhikari, Advocate for the respondent ORDER This appeal of Revenue challenges order-in-appeal no. PUNEXCUS-001-APP-113-14-15 dated 26th November 2014 of Commissioner (Appeals), Central Excise, Pune I for having allowed refund of Rs. 26,40,073/-, which had been rejected by the original authority in considering a c....

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.... for the respondent. 4. The issue is limited to the values to be emplaced in the formula prescribed in rule 5 of CENVAT Credit Rules, 2004 which was devised to allow refund of credit accumulated during the period in proportion of receipts attributable to exports of the quarter bore to the total turnover. In the definitions therein, only the receipts from export turnover of services requires det....