No refund of outstanding CENVAT credit after closure of factory

Last updated: 11 August 2023
Quick Summary
The CESTAT Chennai ruled that a company is not entitled to a refund of its unutilised CENVAT credit after ceasing manufacturing operations and selling its business. The tribunal followed a precedent set by the Bombay High Court in a similar case, denying the refund claim.

Court :
CESTAT, Chennai

Brief :
The CESTAT, Chennai in M/s. Alfred Berg & Co., (I) Pvt. Ltd. v. The Commissioner of GST and Central Excise [Excise Appeal No. 41009/2018 dated August 02, 2023] held that no refund of unutilized CENVAT credit after stopping manufacturing due to sale of business to another company.

Citation :
Excise Appeal No. 41009/2018 dated August 02, 2023

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Bimal Jain
Published in GST
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