https://www.taxtmi.com/caselaws?id=212808 Accumulated Cenvat credit lying unutilised in the books of a 100% EOU on de-bonding and conversion into a DTA unit is stated to be capable of being carried forward and utilised by the converted unit where there is no express prohibition in the Cenvat Credit Rules, 2004. The text relies on Rule 10 and the absence of any specific exclusion to support the view that the balance credit does not automatically lapse on change of status. It further notes that this gives the assessee a strong prima facie case against demand, penalty and recovery, and supports waiver of pre-deposit. en-us Fri, 24 Jun 2011 00:00:00 +0530 Thu, 26 Apr 2012 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212808 Accumulated Cenvat credit lying unutilised in the books of a 100% EOU on de-bonding and conversion into a DTA unit is stated to be capable of being carried forward and utilised by the converted unit where there is no express prohibition in the Cenvat Credit Rules, 2004. The text relies on Rule 10 and the absence of any specific exclusion to support the view that the balance credit does not automatically lapse on change of status. It further notes that this gives the assessee a strong prima facie case against demand, penalty and recovery, and supports waiver of pre-deposit. Case-Laws Central Excise Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212808