https://www.taxtmi.com/caselaws?id=3047 Rule 10 of the Cenvat Credit Rules, 2002 permits transfer of unutilized Cenvat credit when a factory is transferred by lease and imposes no requirement for prior departmental permission. Credit available in the lessor's account at the time of transfer, including credit taken on invoices relating to the lessor unit, is treated as unutilized credit eligible for transfer. Failure to obtain prior permission is a technical lapse and does not invalidate the transferee's entitlement to avail the transferred credit. en-us Thu, 06 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3047 Rule 10 of the Cenvat Credit Rules, 2002 permits transfer of unutilized Cenvat credit when a factory is transferred by lease and imposes no requirement for prior departmental permission. Credit available in the lessor's account at the time of transfer, including credit taken on invoices relating to the lessor unit, is treated as unutilized credit eligible for transfer. Failure to obtain prior permission is a technical lapse and does not invalidate the transferee's entitlement to avail the transferred credit. Case-Laws Central Excise Thu, 06 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3047