https://www.taxtmi.com/caselaws?id=266640 The judgment ruled that the applicant was not required to reverse Cenvat credit on the value of closing stock of raw materials and semi-finished goods as the transfer of credit under Rule 10 of the Cenvat Credit Rules, 2004 did not apply due to a 'nil' balance in the Cenvat account at the time of transfer. The applicant was granted a waiver for the balance amount of duty along with interest and penalty until the appeal's resolution. en-us Fri, 14 Feb 2014 00:00:00 +0530 Thu, 22 Oct 2015 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266640 The judgment ruled that the applicant was not required to reverse Cenvat credit on the value of closing stock of raw materials and semi-finished goods as the transfer of credit under Rule 10 of the Cenvat Credit Rules, 2004 did not apply due to a 'nil' balance in the Cenvat account at the time of transfer. The applicant was granted a waiver for the balance amount of duty along with interest and penalty until the appeal's resolution. Case-Laws Central Excise Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266640