Appeal Dismissed: Pre-Amalgamation Credit Can't Offset Post-Merger

The court dismissed the appeal, ruling that unutilized cenvat credit before an amalgamation cannot be carried forward and set-off post-amalgamation. The deposits made after the merger supported the Revenue's position.

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The case involves the question of whether unutilized cenvat credit before a change in status can be carried forward and set-off by an amalgamated company. The court ruled that rights existing before amalgamation cannot be claimed post-amalgamation. The appeal was dismissed as deposits were made after the merger, establishing the case for the Revenue.

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