https://www.taxtmi.com/caselaws?id=246409 The Appellate Tribunal overturned the decisions of the Assistant Commissioner and Commissioner (Appeals) in a case concerning denial of credit transfer under Rule 10 of Cenvat Credit Rules. The Tribunal held that Rule 10 does not require physical presence of inputs at the time of transfer, emphasizing the transfer of credit along with inputs. Despite the appellant's closed factory, maintaining credit in their books justified the credit transfer. The Tribunal granted the stay petition, indicating a prima facie case in favor of the applicant and stressing adherence to Rule 10 provisions for credit transfer. en-us Mon, 05 Mar 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246409 The Appellate Tribunal overturned the decisions of the Assistant Commissioner and Commissioner (Appeals) in a case concerning denial of credit transfer under Rule 10 of Cenvat Credit Rules. The Tribunal held that Rule 10 does not require physical presence of inputs at the time of transfer, emphasizing the transfer of credit along with inputs. Despite the appellant's closed factory, maintaining credit in their books justified the credit transfer. The Tribunal granted the stay petition, indicating a prima facie case in favor of the applicant and stressing adherence to Rule 10 provisions for credit transfer. Case-Laws Central Excise Mon, 05 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246409