Landmark GST Transition Ruling: Taxpayer Wins CENVAT Credit Refund Under Section 142(3) with Procedural Compliance

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....CESTAT allowed the appeal concerning CENVAT credit refund under Section 142(3) of CGST Act, 2017. The tribunal found that the appellant had correctly followed prescribed procedures for input credit and periodic returns for June 2017. The decision recognized the transitional provisions from the old tax regime to GST, holding that existing Central Excise Act conditions would apply except for the unjust enrichment clause. The tribunal determined that the legal framework sufficiently supports cash refund of excess CENVAT credit during the GST transition, thereby invalidating the lower appellate authority's order rejecting the refund claim.....