https://www.taxtmi.com/caselaws?id=266527 The Tribunal allowed the appeal, holding that the appellant was entitled to avail Cenvat Credit for unutilized funds in the account of a company taken over by them. The Tribunal found that Rule 10(3) of the Cenvat Credit Rules 2004 did not require prior permission to avail the credit, as long as the transfer of credit was accounted for to the satisfaction of the authorities. Since the appellant had duly informed the department, filed regular ER returns, and the credit was accepted by the authorities, the Tribunal ruled in favor of the appellant, granting them the Cenvat Credit. en-us Thu, 11 Dec 2014 00:00:00 +0530 Wed, 21 Oct 2015 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266527 The Tribunal allowed the appeal, holding that the appellant was entitled to avail Cenvat Credit for unutilized funds in the account of a company taken over by them. The Tribunal found that Rule 10(3) of the Cenvat Credit Rules 2004 did not require prior permission to avail the credit, as long as the transfer of credit was accounted for to the satisfaction of the authorities. Since the appellant had duly informed the department, filed regular ER returns, and the credit was accepted by the authorities, the Tribunal ruled in favor of the appellant, granting them the Cenvat Credit. Case-Laws Central Excise Thu, 11 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266527