Rule 5 of Cenvat Credit Rules, 2004 cannot be invoked to Sanction Refund of Utilized Cenvat Credit in Cash: CESTAT [Read Order]

By Yogitha S. Yogesh - On May 8, 2023 12:30 pm - 2 mins read

Rule 5 of Cenvat Credit Rules - CESTAT - Cenvat Credit in Cash - Refund of Utilized Cenvat Credit in Cash - Cenvat Credit Rules - taxscan

In a recent case, the Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that Rule 5 of Cenvat Credit Rules, 2004 cannot be invoked to sanction refund of utilized Cenvat credit in cash. The appellant, M/s Mahavir Metal Manufacturing Company was engaged in the manufacturing of umbrella/ umbrella parts and…

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