https://www.taxtmi.com/circulars?id=54705 Admissibility of unutilized cenvat credit on conversion of a DTA unit into an EOU is affirmed; unutilized cenvat credit standing in the books of the DTA unit immediately before conversion is admissible to the resultant EOU. The earlier circular providing for lapse of such credit is withdrawn, and the transfer principle applicable to manufacturers under the cenvat credit framework applies to EOUs, permitting use of cenvat credit for duty payment by EOUs. en-us Tue, 30 Aug 2016 00:00:00 +0530 Thu, 01 Sep 2016 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54705 Admissibility of unutilized cenvat credit on conversion of a DTA unit into an EOU is affirmed; unutilized cenvat credit standing in the books of the DTA unit immediately before conversion is admissible to the resultant EOU. The earlier circular providing for lapse of such credit is withdrawn, and the transfer principle applicable to manufacturers under the cenvat credit framework applies to EOUs, permitting use of cenvat credit for duty payment by EOUs. Circulars Customs Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54705