2003 (11) TMI 242 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai dismissed the Revenue's appeal regarding the refund of balance in credit of Additional Excise Duty (T&TA) as it could not be utilized for any reason, including restrictions under Notification No. 24/95. The Tribunal upheld the Commissioner (Appeals) decision based on Board Circular No. 701/17/2001, allowing such credits to be refunded under the CENVAT scheme.