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2015 (10) TMI 882 - AT - Central ExciseDenial of refund claim - Accumulated CENVAT Credit - Held that:- If the refund can be granted to the appellant's when they have debited the amount not on the date of filing refund claim but on a later date - Held that:- It is seen that the conditions prescribed in the notification having met although on a later date. The failure to debit on the date of filing the refund claim is not such a lapse that it would debar the appellants from the refund. On the day of debiting the CENVAT account they have fulfilled the conditions of the notification. In that event they become entitled to refund on that date. In view of above the impugned order is set aside, the appeal is allowed with consequential benefit. The matter is remanded for the limited matter of verification of arithmetical accuracy of refund. The same is directed to be completed within a period of 30 days from the receipt of this order and refund issued. - Decided in favour of assessee.
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