2008 (11) TMI 525

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..... ngalore [2005 (8) TMI 273 - CESTAT, BANGALORE] the Tribunal has held that when assessee goes out of Modvat scheme or when company is closed, refund claim can be made in cash - In the present case, the appellants have closed factory and surrendered their excise license - cash refund is admissible to the appellants - appeal allowed.
Ms. Jyoti Balasundaram, J. REPRESENTED BY : Ms. Asmita Nayak, A .....

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..... set aside by the Commissioner (Appeals) and the case remanded to the adjudicating authority who vide his order dated 11-7-2005 sanctioned claim of Rs. 81,920/- out of which Rs. 79,532/- was allowed as Cenvat credit and the remaining amount of Rs. 2388/- was paid in cash to them. Hence, this appeal against the refund by way of Cenvat credit. 2. I have heard both sides and perused the records .....

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