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of <h1>EOUs Can Now Use Unutilized Cenvat Credit Upon Conversion from DTA Units, Per Rule 10 of 2004 Rules.</h1> The circular addresses the admissibility of unutilized Cenvat credit for Domestic Tariff Area (DTA) units converted into Export Oriented Units (EOUs). It references a previous circular from 1999, which mandated the lapse of unutilized Modvat credit upon conversion. However, due to changes in the Central Excise Rules, 2002, and subsequent amendments, EOUs are now allowed to use Cenvat credit for duty payments. Rule 10 of the Cenvat Credit Rules, 2004, permits the transfer of unutilized Cenvat credit upon conversion. Consequently, the 1999 circular is withdrawn, and the transfer of such credit is now permissible.
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