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2018 (7) TMI 838 - AT - Central ExciseCash Refund of CENVAT Credit - Commissioner (Appeals) has held that the refund amount is though admissible to the appellant, but it is not by way of cash, but crediting their CENVAT account, since the amount was initially deposited in their CENVAT account - Held that:- The issue is no more res-integra, and covered by the judgement of the Larger Bench of this Tribunal in Steel Strips case [2011 (5) TMI 111 - CESTAT, NEW DELHI], where it was held that When right to refund does not accrue under law, claim thereof is inconceivable. Cash refund of the Cenvat credit is admissible only in accordance with the procedure prescribed under Rule 5 of the CCR, 2004. Since, such a situation is not present in the appellant’s case, the cash refund of CENVAT credit is not admissible. Appeal dismissed - decided against appellant.
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