Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2017 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (11) TMI 1455 - AT - Central ExciseRefund claim - whether the appellant is entitled for refund of accumulated credit on the ground that the appellant was not in a position to utilize the credit on duty paid inputs in respect of final products exported under bond? Held that: - As per the facts of the case though the credit was accumulated when initially the appellant filed refund claim but after the aforesaid Tribunal order when the Assistant Commissioner considered the sanction of refund claim he noticed that the appellants have already utilized the claimed amount of ₹ 1,98,82,260/- and they have not maintained the balance of accumulated credit at least the amount of claim made by them in their RG-23A Part-II account and the balance was nil - since there was no accumulated Cenvat Credit available in the books of the appellant, there is no question of refund - appeal dismissed - decided against appellant.
|