2016 (7) TMI 83

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..... e of their factory on 31.10.2010 under Rule 5 of Cenvat Credit Rules, 2004 as relying on case of Union of India vs. Slovak Trading Co. Pvt. Ltd. (2006 (7) TMI 9 - KARNATAKA HIGH COURT ) wherein held that the respondent is entitled to get refund lying unutilized in their Cenvat credit account on the closure of their factory - Decided in favour of assessee . - E/553/2012 - Final Order No. 60006/201 .....

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..... n held as under : - 6. In the case of Steel Strips, Larger Bench of this Tribunal although reference made to the decision of Slovak India Trading Co. Pvt. Ltd. (supra) but have not discussed the said decision. That decision is not applicable to the facts of case of Slovak India Trading Co. Pvt. Ltd. Further, I find that the decision of Hon ble Karnataka High Court shall prevail over the decis .....

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