https://www.taxtmi.com/caselaws?id=328140 Unutilized CENVAT credit lying in the books of a DTA unit may be carried forward and utilized after conversion into a 100% EOU where the credit was validly earned and no express rule requires reversal on change of status. Tribunal decisions treated the issue as settled under the CENVAT Credit Rules, 2004 and Central Excise Rules, 2002, and the earlier circular suggesting lapse of credit was held inapplicable in the changed legal regime. The later amendment permitting EOUs to discharge duty through CENVAT account also supported continuation of the credit. The demand and penalties were set aside. en-us Tue, 15 Mar 2016 00:00:00 +0530 Wed, 25 May 2016 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328140 Unutilized CENVAT credit lying in the books of a DTA unit may be carried forward and utilized after conversion into a 100% EOU where the credit was validly earned and no express rule requires reversal on change of status. Tribunal decisions treated the issue as settled under the CENVAT Credit Rules, 2004 and Central Excise Rules, 2002, and the earlier circular suggesting lapse of credit was held inapplicable in the changed legal regime. The later amendment permitting EOUs to discharge duty through CENVAT account also supported continuation of the credit. The demand and penalties were set aside. Case-Laws Central Excise Tue, 15 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328140