https://www.taxtmi.com/caselaws?id=203239 Rule 10 of the Cenvat Credit Rules allows transfer of accumulated credit to a successor unit on conversion, amalgamation, merger, sale, lease or transfer of business, and the Tribunal noted that no prior permission from Central Excise authorities is required for such transfer or availment. A successor unit may therefore take the predecessor's credit suo motu where the conditions of Rule 10 are otherwise met, and denial of credit solely on the ground of absence of prior approval is unsustainable. en-us Tue, 21 Sep 2010 00:00:00 +0530 Wed, 31 Aug 2011 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203239 Rule 10 of the Cenvat Credit Rules allows transfer of accumulated credit to a successor unit on conversion, amalgamation, merger, sale, lease or transfer of business, and the Tribunal noted that no prior permission from Central Excise authorities is required for such transfer or availment. A successor unit may therefore take the predecessor's credit suo motu where the conditions of Rule 10 are otherwise met, and denial of credit solely on the ground of absence of prior approval is unsustainable. Case-Laws Central Excise Tue, 21 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203239