https://www.taxtmi.com/caselaws?id=187962 In the absence of an express prohibition in the Cenvat Credit Rules, 2004, unutilized Cenvat credit lying with an Export Oriented Unit on debonding was treated as transferable to the successor Domestic Tariff Area unit. The analysis applied the principle that conversion from one scheme to another does not by itself extinguish accumulated credit where the same entity continues operations in a different status. On that basis, denial of the transferred credit was not justified, and the related penalty could not survive once the credit transfer was considered permissible. en-us Wed, 02 Sep 2015 00:00:00 +0530 Mon, 14 Nov 2016 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187962 In the absence of an express prohibition in the Cenvat Credit Rules, 2004, unutilized Cenvat credit lying with an Export Oriented Unit on debonding was treated as transferable to the successor Domestic Tariff Area unit. The analysis applied the principle that conversion from one scheme to another does not by itself extinguish accumulated credit where the same entity continues operations in a different status. On that basis, denial of the transferred credit was not justified, and the related penalty could not survive once the credit transfer was considered permissible. Case-Laws Central Excise Wed, 02 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187962