https://www.taxtmi.com/caselaws?id=210471 The Tribunal ruled in favor of the assessee, allowing the transfer of unutilized credit amounting to Rs.15,85,47,475 from one unit to another following an amalgamation. It held that the transfer was permissible under Rule 10 of the Cenvat Credit Rules without requiring prior permission, as long as certain conditions were met. The Tribunal clarified the interpretation of Rule 10 and Rule 11, emphasizing the specific circumstances for transfer and the restrictions on benefits under transitional provisions. The judgment also determined that an exemption notification did not affect the transfer eligibility. The appeal was maintained without remand, affirming the assessee's entitlement to the credit transfer. en-us Thu, 11 Aug 2011 00:00:00 +0530 Wed, 29 Aug 2012 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210471 The Tribunal ruled in favor of the assessee, allowing the transfer of unutilized credit amounting to Rs.15,85,47,475 from one unit to another following an amalgamation. It held that the transfer was permissible under Rule 10 of the Cenvat Credit Rules without requiring prior permission, as long as certain conditions were met. The Tribunal clarified the interpretation of Rule 10 and Rule 11, emphasizing the specific circumstances for transfer and the restrictions on benefits under transitional provisions. The judgment also determined that an exemption notification did not affect the transfer eligibility. The appeal was maintained without remand, affirming the assessee's entitlement to the credit transfer. Case-Laws Central Excise Thu, 11 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210471