https://www.taxtmi.com/caselaws?id=241672 The Appellate Tribunal CESTAT NEW DELHI, in the case involving the transfer of unutilized cenvat credit from M/s Mound Trading Co. to M/s Parle Products Ltd., ruled in favor of the appellant. The Tribunal held that Rule 10 of the Cenvat Credit Rules, 2004 allows for the transfer of credit to a new assessee in cases of business succession. It found the denial of credit by the original adjudicating authority and rejection by the Commissioner (Appeals) unjustified. The Tribunal waived the pre-deposit of duty and interest, emphasizing adherence to the rules for smooth credit transfer in business succession scenarios. en-us Tue, 19 Feb 2013 00:00:00 +0530 Sat, 09 Nov 2013 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241672 The Appellate Tribunal CESTAT NEW DELHI, in the case involving the transfer of unutilized cenvat credit from M/s Mound Trading Co. to M/s Parle Products Ltd., ruled in favor of the appellant. The Tribunal held that Rule 10 of the Cenvat Credit Rules, 2004 allows for the transfer of credit to a new assessee in cases of business succession. It found the denial of credit by the original adjudicating authority and rejection by the Commissioner (Appeals) unjustified. The Tribunal waived the pre-deposit of duty and interest, emphasizing adherence to the rules for smooth credit transfer in business succession scenarios. Case-Laws Central Excise Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241672