https://www.taxtmi.com/caselaws?id=438663 Rule 10 of the CENVAT Credit Rules, 2004 was applied to permit transfer of unutilized CENVAT credit from a debonded 100% EOU to the merged DTA unit on amalgamation. The Tribunal noted that the credit had been validly taken, that no prohibition in the rule barred carry forward in these circumstances, and that accumulated credit cannot be denied or reversed merely because the unit changed status. On that basis, the merged unit was held entitled to continue the balance credit, and the demand and penalties were treated as unsustainable. en-us Mon, 05 Jun 2023 00:00:00 +0530 Tue, 06 Jun 2023 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438663 Rule 10 of the CENVAT Credit Rules, 2004 was applied to permit transfer of unutilized CENVAT credit from a debonded 100% EOU to the merged DTA unit on amalgamation. The Tribunal noted that the credit had been validly taken, that no prohibition in the rule barred carry forward in these circumstances, and that accumulated credit cannot be denied or reversed merely because the unit changed status. On that basis, the merged unit was held entitled to continue the balance credit, and the demand and penalties were treated as unsustainable. Case-Laws Central Excise Mon, 05 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438663