https://www.taxtmi.com/caselaws?id=421751 The Tribunal ruled in favor of the appellants, allowing the appeal and setting aside the original authority's decision to disallow the transfer of unutilized cenvat credit from acquired entities. The Tribunal found that the appellants had complied with Rule 10 of the Cenvat Credit Rules by recording the transferred credit details and meeting the necessary conditions for transfer and availment of the credit. The Tribunal emphasized that there were no restrictions in the cenvat statute preventing such transfers and that the appellants had satisfactorily accounted for the credit, ultimately leading to the decision in their favor. en-us Thu, 28 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 08:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421751 The Tribunal ruled in favor of the appellants, allowing the appeal and setting aside the original authority's decision to disallow the transfer of unutilized cenvat credit from acquired entities. The Tribunal found that the appellants had complied with Rule 10 of the Cenvat Credit Rules by recording the transferred credit details and meeting the necessary conditions for transfer and availment of the credit. The Tribunal emphasized that there were no restrictions in the cenvat statute preventing such transfers and that the appellants had satisfactorily accounted for the credit, ultimately leading to the decision in their favor. Case-Laws Service Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421751