Denial Of Refund Of Cenvat Credit WRT Export Incentives: Valid Or Not?

CENVAT or central VAT is a credit paid in advance in order to procure a shipment of manufactured goods instead of having to pay in cash towards central excise on shipment of manufacture of the final product. The concept behind CENVAT is analogous to that of wallet points available for online shopping platforms or applications, where the credits or points are kept in your virtual wallets and can be…