2012 (7) TMI 569

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..... umaran and V. Sridharan for the Respondent. ORDER N. Kumar, J. - Sri Harish, the learned counsel files power for the respondent, in all these cases. 2. These appeals are preferred by the revenue against the order of the Tribunal upholding the order of the appellate authority allowing refund of Cenvat credit in terms of Rule 5 of Cenvat Credit Rules, read with Notification 11/2002. 3. The asse .....

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..... d from time to time. It is for the said reasons that Rule 5 of the Cenvat Credit Rules 2004 provides for sanction of refund in cash in respect of goods exported under bond/letter of undertaking. In the present case, the assessees have fulfilled all the conditions of Rule 5 of the Cenvat Credit Rules read with Notification No.ll/2002-CE(NT) dated 1-3-2002 as amended. He also held that it is not nec .....

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..... ted under bond and which were getting accumulated from time to time. In those circumstances, when once the appellate authority correctly applied Rule 5 and granted the refund, therefore they declined to interfere with the well considered order passed by the appellate authority. Against the said order the present appeal is filed. 5. We have heard the learned counsel appearing for the parties. 6. .....

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