Court Upholds Denial of Cenvat Credit Refund; Exemption Conditions Must Be Met to Claim Benefits.

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....Refund of duty paid on self assessment basis - Refund of the Cenvat credit reversed - benefit of exemption notification - The High court scrutinizes the appellant's arguments regarding the absence of a mechanism for recovering already taken credit and the interpretation of the exemption notification's requirements. It concludes that the appellant cannot undo the fulfillment of the notification's conditions after availing the exemption. - The court dismisses the appeal, upholding the impugned order that rejected the appellant's claim for a refund of the reversed Cenvat credit.....