https://www.taxtmi.com/caselaws?id=237690 A DTA unit converted into a 100% Export Oriented Unit was not required to reverse the balance CENVAT credit standing in its books on the date of conversion, and the credit could be utilised for clearances from the converted unit. The Tribunal's view was sustained because earlier Tribunal decisions had held that such credit remains available after conversion, those decisions had been accepted by the Revenue, and one supporting ruling had also been left undisturbed by the Apex Court. The settled position therefore supported continuation and utilisation of the credit in favour of the assessee. en-us Wed, 11 Apr 2012 00:00:00 +0530 Wed, 02 Oct 2013 23:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237690 A DTA unit converted into a 100% Export Oriented Unit was not required to reverse the balance CENVAT credit standing in its books on the date of conversion, and the credit could be utilised for clearances from the converted unit. The Tribunal's view was sustained because earlier Tribunal decisions had held that such credit remains available after conversion, those decisions had been accepted by the Revenue, and one supporting ruling had also been left undisturbed by the Apex Court. The settled position therefore supported continuation and utilisation of the credit in favour of the assessee. Case-Laws Central Excise Wed, 11 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237690