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 no prior departmental approval is required. The note records that the lower appellate authority found the credit to be available in the lessor's account at the time of transfer and treated the credit taken on invoices relating to the lessor unit as unutilized credit covered by Rule 10. The lapse was regarded as technical, with no infirmity found in the orders of the authorities below. 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 no prior departmental approval is required. The note records that the lower appellate authority found the credit to be available in the lessor's account at the time of transfer and treated the credit taken on invoices relating to the lessor unit as unutilized credit covered by Rule 10. The lapse was regarded as technical, with no infirmity found in the orders of the authorities below. Case-Laws Central Excise Thu, 06 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3047