https://www.taxtmi.com/caselaws?id=371239 The court ruled in favor of M/s Technocraft Industries (India) Ltd, allowing the continuity of CENVAT credit balance upon debonding from the '100% Export Oriented Unit' scheme. The judgment emphasized that denying carry forward of accumulated CENVAT credit to debonding units contradicts the premise of the CENVAT Credit Rules, 2004, burdening exporters with unauthorized duties. The decision highlighted the need for a broader interpretation of the rules to ensure that duty burden is borne by the ultimate consumer, ultimately supporting exporters within the legal framework governing CENVAT credits. en-us Tue, 06 Nov 2018 00:00:00 +0530 Fri, 21 Feb 2020 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371239 The court ruled in favor of M/s Technocraft Industries (India) Ltd, allowing the continuity of CENVAT credit balance upon debonding from the '100% Export Oriented Unit' scheme. The judgment emphasized that denying carry forward of accumulated CENVAT credit to debonding units contradicts the premise of the CENVAT Credit Rules, 2004, burdening exporters with unauthorized duties. The decision highlighted the need for a broader interpretation of the rules to ensure that duty burden is borne by the ultimate consumer, ultimately supporting exporters within the legal framework governing CENVAT credits. Case-Laws Central Excise Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371239