2002 (1) TMI 201 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed a refund of Rs. 6,80,557/- to the appellants with the condition that the amount be credited in their relevant CENVAT records, not to be refunded in cash. The party appealed against this, arguing that since their factory is closed and they surrendered their Central Excise license, they should receive the refund in cash. The Tribunal noted that the appellants did not raise this issue earlier and suggested they present their case for cash refund to the original authority as per the law. The appeal was disposed of accordingly.