https://www.taxtmi.com/caselaws?id=2571 On takeover of the plant, the unutilized Cenvat credit balance was treated as transferable and available to the respondent because the earlier registration had been surrendered, the change in ownership had been accepted, and the Assistant Commissioner had permitted the transfer. The article states that, on those facts, availment of credit at the Kaladera plant was proper, with no procedural irregularity or revenue loss established. It further notes that this did not amount to a contravention of Rule 8 of the Cenvat Credit Rules, 2002, so the Revenue's challenge failed. en-us Thu, 09 Aug 2007 00:00:00 +0530 Wed, 21 Jan 2009 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2571 On takeover of the plant, the unutilized Cenvat credit balance was treated as transferable and available to the respondent because the earlier registration had been surrendered, the change in ownership had been accepted, and the Assistant Commissioner had permitted the transfer. The article states that, on those facts, availment of credit at the Kaladera plant was proper, with no procedural irregularity or revenue loss established. It further notes that this did not amount to a contravention of Rule 8 of the Cenvat Credit Rules, 2002, so the Revenue's challenge failed. Case-Laws Central Excise Thu, 09 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2571