2016 (7) TMI 1462 - HC - Central Excise

Refund of unutilized CENVAT Credit - Whether the CESTAT is right in law in allowing refund of unutilized CENVAT credit accumulated due to disproportionate rates of duty on inputs and final products available at the time of surrender of central excise registration? - Held that - The Registry in the first instance must send intimation of admission of this appeal enclosing therewith a copy of this order so as to enable the Tribunal to act accordingly.

Summary

The Bombay High Court admitted an appeal regarding the refund of unutilized cenvat credit due to disproportionate rates of duty on inputs and final products at the time of surrender of central excise registration. The original record will be summoned from the Tribunal for inspection.