https://www.taxtmi.com/caselaws?id=265012 The Tribunal allowed the appeal, ruling in favor of the appellant regarding the lapsing of unutilized Cenvat credit upon conversion from a DTA unit to a 100% EOU. The Tribunal held that the appellant was entitled to transfer the unutilized credit under the Cenvat Credit Rules, 2004, emphasizing that there was no provision for lapsing as argued by the Revenue. Additionally, the Tribunal rejected the Revenue's invocation of the extended limitation period, finding that all relevant details were disclosed during the conversion without any wilful misstatement or suppression of facts. en-us Tue, 28 Jul 2015 00:00:00 +0530 Mon, 04 Jan 2016 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265012 The Tribunal allowed the appeal, ruling in favor of the appellant regarding the lapsing of unutilized Cenvat credit upon conversion from a DTA unit to a 100% EOU. The Tribunal held that the appellant was entitled to transfer the unutilized credit under the Cenvat Credit Rules, 2004, emphasizing that there was no provision for lapsing as argued by the Revenue. Additionally, the Tribunal rejected the Revenue's invocation of the extended limitation period, finding that all relevant details were disclosed during the conversion without any wilful misstatement or suppression of facts. Case-Laws Central Excise Tue, 28 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265012