Refund claim u/r 5 of CCR, 2004 cannot be denied on the ground of no nexus between the input service and output service exported

Sequoia Capital India Advisors Pvt. Ltd. Vs Commissioner of CGST & Central Excise (CESTAT Mumbai) CESTAT Mumbai held that rejection of refund claim under Rule 5 of Cenvat Credit Rules, 2004 solely on the basis of the ground that there is no nexus between the input service and the output service exported is untenable in law. Facts- The issue involved herein is about denial of refund of accumulated/unutilized Cenvat Credit of Service tax under Rule 5 of Cenvat Credit Rules, 2004 r/w Notification No.27/2012 -CE (NT) dated 18.6.2012. Whether the authorities below have rightly rejected the refu...