https://www.taxtmi.com/caselaws?id=118720 Unutilised Cenvat credit of a predecessor cannot be claimed by a purchaser of a factory where the transfer deed shows possession was taken without assuming prior liabilities; a later undertaking inconsistent with the deed does not override its express terms, so denial of credit is justified. The penalty, however, was found excessive on the facts and was set aside, giving the assessee only partial relief. en-us Mon, 13 Jun 2005 00:00:00 +0530 Thu, 05 Jul 2012 13:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118720 Unutilised Cenvat credit of a predecessor cannot be claimed by a purchaser of a factory where the transfer deed shows possession was taken without assuming prior liabilities; a later undertaking inconsistent with the deed does not override its express terms, so denial of credit is justified. The penalty, however, was found excessive on the facts and was set aside, giving the assessee only partial relief. Case-Laws Central Excise Mon, 13 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118720