https://www.taxtmi.com/caselaws?id=450227 CESTAT Ahmedabad allowed an appeal regarding the relevant date for calculating interest on delayed transfer of Cenvat credit following a corporate merger. The tribunal held that when M/s. Britco merged with M/s. Hindustan Coca Cola Beverages Limited, the merger was approved by Delhi HC on 10.09.1999 but conveyed to the department on 20.10.1999. The tribunal determined that 20.10.1999 should be the relevant date for transfer of Modvat/Cenvat credit from RG23A and RG23C accounts, as this was when the department was formally informed of the merger, making it the appropriate date for calculating interest on delayed transfer as ordered by Gujarat HC. en-us Thu, 29 Feb 2024 00:00:00 +0530 Fri, 01 Mar 2024 07:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450227 CESTAT Ahmedabad allowed an appeal regarding the relevant date for calculating interest on delayed transfer of Cenvat credit following a corporate merger. The tribunal held that when M/s. Britco merged with M/s. Hindustan Coca Cola Beverages Limited, the merger was approved by Delhi HC on 10.09.1999 but conveyed to the department on 20.10.1999. The tribunal determined that 20.10.1999 should be the relevant date for transfer of Modvat/Cenvat credit from RG23A and RG23C accounts, as this was when the department was formally informed of the merger, making it the appropriate date for calculating interest on delayed transfer as ordered by Gujarat HC. Case-Laws Central Excise Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450227