https://www.taxtmi.com/article/detailed?id=1386 The note concludes that surrender of registration occasioned by an exemption does not, by itself, cause lapse of an unutilised Cenvat credit on capital goods that was recorded prior to surrender; the rule relied upon by revenue applies to input credit, not capital goods credit, and the proviso to the capital goods utilisation rule supports retention and utilisation of the opening balance on re registration. en-us Mon, 15 Aug 2011 13:27:17 +0530 Mon, 15 Aug 2011 13:27:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1386 The note concludes that surrender of registration occasioned by an exemption does not, by itself, cause lapse of an unutilised Cenvat credit on capital goods that was recorded prior to surrender; the rule relied upon by revenue applies to input credit, not capital goods credit, and the proviso to the capital goods utilisation rule supports retention and utilisation of the opening balance on re registration. Articles Service Tax Mon, 15 Aug 2011 13:27:17 +0530 https://www.taxtmi.com/article/detailed?id=1386