https://www.taxtmi.com/caselaws?id=206794 The Karnataka High Court upheld the Tribunal's decision allowing the assessee to transfer unutilized credit balance to a new location after shifting premises. The Court emphasized compliance with Rule 10 of the Cenvat Credit Rules, confirming proper transfer of inputs and capital goods as required. The judgment favored the assessee, dismissing the Revenue's appeal and affirming the entitlement to the credit balance at the new site. Compliance with regulatory conditions was key in determining the validity of the credit transfer, leading to a ruling in favor of the assessee. en-us Fri, 09 Sep 2011 00:00:00 +0530 Mon, 25 Feb 2013 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206794 The Karnataka High Court upheld the Tribunal's decision allowing the assessee to transfer unutilized credit balance to a new location after shifting premises. The Court emphasized compliance with Rule 10 of the Cenvat Credit Rules, confirming proper transfer of inputs and capital goods as required. The judgment favored the assessee, dismissing the Revenue's appeal and affirming the entitlement to the credit balance at the new site. Compliance with regulatory conditions was key in determining the validity of the credit transfer, leading to a ruling in favor of the assessee. Case-Laws Central Excise Fri, 09 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206794