https://www.taxtmi.com/caselaws?id=353748 The Tribunal upheld the demand for distribution of Cenvat credit among multiple units, ruling that the credit must be availed in accordance with the rule in force at the time of availing. Uni Deritend Ltd.'s argument that the credit accrued before the rule amendment was dismissed, emphasizing compliance with Rule 7(d) and Explanation 3. The Tribunal held that penalty under Section 11AC of the Central Excise Act was justified due to clear rule interpretation, dismissing Uni Deritend Ltd.'s appeal and allowing the Revenue's appeal. en-us Fri, 29 Dec 2017 00:00:00 +0530 Mon, 12 Feb 2018 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353748 The Tribunal upheld the demand for distribution of Cenvat credit among multiple units, ruling that the credit must be availed in accordance with the rule in force at the time of availing. Uni Deritend Ltd.'s argument that the credit accrued before the rule amendment was dismissed, emphasizing compliance with Rule 7(d) and Explanation 3. The Tribunal held that penalty under Section 11AC of the Central Excise Act was justified due to clear rule interpretation, dismissing Uni Deritend Ltd.'s appeal and allowing the Revenue's appeal. Case-Laws Central Excise Fri, 29 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353748