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2017 (10) TMI 1356 - AT - Central ExciseRefund of unutilized CENVAT Credit - closure of factory - Whether the lower authorities have correctly considered the law, for rejection of the refund claim filed by the appellant in respect of accumulated credits which could not be utilized due to closure of the appellant s unit? Held that:- The judgement of the Hon ble High Court of Karnataka in the case of Slovak India Trading Co. [2006 (7) TMI 9 - KARNATAKA HIGH COURT], on the issue, will support the case of appellant being an identical issue, where it was held that Refund of credit is admissible, when there was no manufacture in the light of closure of factory and he has come out of Modvat scheme - demand set aside - appeal allowed - decided in favor of appellant.
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