https://www.taxtmi.com/caselaws?id=335146 Unutilized CENVAT credit on inputs and capital goods lying in a DTA unit could not be denied or treated as lapsed merely because the unit was converted into an EOU. The earlier bar under Rule 100H of the Central Excise Rules, 1944 had been rescinded, and the successor Central Excise Rules, 2001 and 2002 contained no corresponding prohibition; the prior circular could not continue to require reversal of credit in that situation. On that basis, the conversion alone did not defeat the credit, and the Department's appeal failed. en-us Wed, 05 Oct 2016 00:00:00 +0530 Sat, 26 Nov 2016 10:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335146 Unutilized CENVAT credit on inputs and capital goods lying in a DTA unit could not be denied or treated as lapsed merely because the unit was converted into an EOU. The earlier bar under Rule 100H of the Central Excise Rules, 1944 had been rescinded, and the successor Central Excise Rules, 2001 and 2002 contained no corresponding prohibition; the prior circular could not continue to require reversal of credit in that situation. On that basis, the conversion alone did not defeat the credit, and the Department's appeal failed. Case-Laws Central Excise Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335146