CESTAT Allows Cash Refund for Unutilized Cenvat Credit from Pre-GST Era

Veer-0-Metals Pvt Ltd Vs Commissioner-Commissioner of Central Tax (CESTAT Bangalore)

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Bangalore bench, has ruled in favour of M/s Veer-0-Metals Pvt Ltd, a 100% Export Oriented Unit (EOU), directing the tax authorities to grant a cash refund of unutilized Cenvat credit for the period spanning from January to September 2015. The tribunal’s decision hinged on the interpretation of the transitional provisions under Section 142 of the Central Goods and Services Tax (CGST) Act, 2017, which govern the fate of pending c

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