https://www.taxtmi.com/caselaws?id=170780 The Tribunal upheld the transfer of unutilized Cenvat credit from the previous company to the demerged company under Rule 10(1) of the Cenvat Credit Rules, 2004, citing precedents allowing such transfers in cases of change in ownership, including demerger. Regarding the permissibility of claiming Cenvat credit on certain iron and steel items as capital goods, the Tribunal accepted the respondent's statement of not claiming credit for those items and left it to the Revenue for verification. The Tribunal affirmed the lower authorities' decisions on both issues, disposing of the appeal accordingly. en-us Wed, 21 Aug 2013 00:00:00 +0530 Sat, 13 Jun 2015 12:02:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170780 The Tribunal upheld the transfer of unutilized Cenvat credit from the previous company to the demerged company under Rule 10(1) of the Cenvat Credit Rules, 2004, citing precedents allowing such transfers in cases of change in ownership, including demerger. Regarding the permissibility of claiming Cenvat credit on certain iron and steel items as capital goods, the Tribunal accepted the respondent's statement of not claiming credit for those items and left it to the Revenue for verification. The Tribunal affirmed the lower authorities' decisions on both issues, disposing of the appeal accordingly. Case-Laws Central Excise Wed, 21 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170780