https://www.taxtmi.com/caselaws?id=355475 The Appellate Tribunal CESTAT MUMBAI ruled in favor of the respondent in a case concerning entitlement to CENVAT credit post-demerger. The Tribunal held that the respondent was rightfully entitled to transfer the unutilized CENVAT credit due to the change in ownership and assumption of liabilities. It was clarified that prior permission was not required for availing CENVAT credit in demerger scenarios. The Tribunal dismissed the Revenue's appeal and upheld the respondent's entitlement to the CENVAT credit under Rule 10 of the Cenvat Credit Rules, 2004. en-us Fri, 10 Nov 2017 00:00:00 +0530 Thu, 15 Feb 2018 09:19:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355475 The Appellate Tribunal CESTAT MUMBAI ruled in favor of the respondent in a case concerning entitlement to CENVAT credit post-demerger. The Tribunal held that the respondent was rightfully entitled to transfer the unutilized CENVAT credit due to the change in ownership and assumption of liabilities. It was clarified that prior permission was not required for availing CENVAT credit in demerger scenarios. The Tribunal dismissed the Revenue's appeal and upheld the respondent's entitlement to the CENVAT credit under Rule 10 of the Cenvat Credit Rules, 2004. Case-Laws Central Excise Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355475