https://www.taxtmi.com/caselaws?id=330430 The Tribunal allowed the appeal, granting the lessee the right to the CENVAT credit amount transferred by the lessor as per Rule 10 of CENVAT Credit Rules, 2004. The Tribunal emphasized the legality of the credit transfer, citing precedents and rejecting the Revenue's objections. The demand for CENVAT credit, interest, and penalty was deemed unjustified, and the Tribunal held that Circular No.77/1999-Cus. did not apply in this case. Various case laws supporting such credit transfers were referenced, leading to the favorable outcome for the appellant. en-us Thu, 14 Jul 2016 00:00:00 +0530 Wed, 04 Jan 2017 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330430 The Tribunal allowed the appeal, granting the lessee the right to the CENVAT credit amount transferred by the lessor as per Rule 10 of CENVAT Credit Rules, 2004. The Tribunal emphasized the legality of the credit transfer, citing precedents and rejecting the Revenue's objections. The demand for CENVAT credit, interest, and penalty was deemed unjustified, and the Tribunal held that Circular No.77/1999-Cus. did not apply in this case. Various case laws supporting such credit transfers were referenced, leading to the favorable outcome for the appellant. Case-Laws Central Excise Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330430