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2012 (12) TMI 306 - CESTAT NEW DELHIClaim of Refund of Cenvat Credit - Surrender of Central Excise Registration - closure of factory - unutilised credit - held that:- Refund results in outflow from treasury, which needs sanction of law and an order of refund for such purpose is sine qua non - absence of express grant in statute does not imply ipso facto entitlement to refund - absence of express grant is an implied bar for refund. When right to refund does not accrue under law, claim thereof is inconceivable - answered negatively and in favour of Revenue since refund of unutilized credit is only permissible in case of export of goods and for no other reason whatsoever that may be
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