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2012 (1) TMI 162 - AT - Central ExciseRefund in cash - whether debit made in CENVAT/MODVAT account, refund can be made in cash? - Held that: - the debit entry was made in the year 1997 whereas, the factory was closed in the year 2000 - This case is fairly covered by the decision in the case of Kochar Sung-Up Acrylic Limited,[2010 (8) TMI 330 - CESTAT, NEW DELHI] wherein the Tribunal upheld the refund made in cash to the assessee and rejected the claim of the Revenue that refund should have been given by way of credit in the Cenvat credit account - refund in cash allowed - appeal allowed - decided in favor of appellant.
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