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2012 (12) TMI 935 - AT - Central ExciseDenial of refund claim - Adjustment of refund against demands due - Held that:- Proceedings against the show-cause notice dated 24-5-2010 are still pending and the demand confirmed against the appellant have not obtained finality. Further by an order dated 21-9-2011, the demands confirmed against the appellant in proceeding of the show-cause notice dated 24-5-2010 has been stayed on furnishing of Bank Guarantee of Rs. 2 Crores. In these circumstances, I am of the view that when the demands against the appellant has not attained finality, the Revenue cannot adjust the amount sanctioned against these demands - Decided in favour of assessee.
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