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2017 (11) TMI 1097 - AT - Central ExciseRefund of unutilized CENVAT credit - Rule 5 of CCR, 2004 - Held that: - there are no force in the contention that the show cause notice only seeks to reject the refund claim on the ground that Rule 5 of the Cenvat Credit Rules does not attracted which has been settled by the Hon’ble High Court of Karnataka in the case of Union of India Vs. Slovak India Trading Co. Pvt. Ltd. [2006 (7) TMI 9 - KARNATAKA HIGH COURT], wherein it was held that if the unit is closed and the Cenvat credit is lying in balance, the same should be refunded in cash - refund allowed - appeal dismissed - decided against Revenue.
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