Introduction The hon’ble Customs, Excise, and Service Tax Appellate Tribunal (“CESTAT”), Chennai Bench, recently ruled that tax authorities cannot withhold legitimate refunds from 100% Export Oriented Units (“EOUs”) based on unsubstantiated grounds. The said decision in the case of Cargotec India Pvt. Ltd. vs. Commissioner of GST & Central Excise reaffirms a vital economic principle…