Cenvat credit on capital goods taken and utilized vis-à-vis benefit of higher drawback rate – matter remanded

Raghav Industries Ltd. Vs Union of India (Madras High Court) Facts- The appellant is a manufacturer of synthetic and blended textile yarn made of duty paid raw material viz., polyester staple fiber or polyester viscose staple fibre. According to the appellant, as per the Government schemes, a manufacturer can either export the finished product without payment of duty, or if he exports the same on payment of duty, he can claim rebate or refund of the duty paid on the finished goods exported. The appellant has neither availed the benefit of Cenvat credit nor the benefit of rebate of duty paid on...