https://www.taxtmi.com/caselaws?id=34694 The Court upheld the Tribunal's decision permitting the transfer of unutilized CENVAT credit to a new unit under Rule 10 of the CENVAT Credit Rules. It found that the statutory requirement for transfer was satisfied through verification by the Central Excise authority, even if physical transfer was not feasible due to prior utilization. The Department's appeal was dismissed as their insistence on physical transfer beyond statutory provisions was deemed unnecessary. The Court ruled in favor of allowing the transfer of credit to the new unit without awarding costs. en-us Wed, 23 Jul 2008 00:00:00 +0530 Fri, 09 Oct 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34694 The Court upheld the Tribunal's decision permitting the transfer of unutilized CENVAT credit to a new unit under Rule 10 of the CENVAT Credit Rules. It found that the statutory requirement for transfer was satisfied through verification by the Central Excise authority, even if physical transfer was not feasible due to prior utilization. The Department's appeal was dismissed as their insistence on physical transfer beyond statutory provisions was deemed unnecessary. The Court ruled in favor of allowing the transfer of credit to the new unit without awarding costs. Case-Laws Central Excise Wed, 23 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34694