2007 (5) TMI 391

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....ate, for the Appellant. Dr. Y.D. Banga, DR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. -  By the impugned order, the Commissioner of Central Excise has confirmed Cenvat credit of Rs. 2,97,49,719.68 and Education Cess of Rs. 5,53,450.98 on the ground that this credit was wrongly taken under the provisions of Rule 10 of Cenvat Credit Rules, 2004 together with....

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....iabilities of such factory then the manufacturer shall be allowed to transfer Cenvat credit lying unutilized in his accounts to such transferred, sold, merged, leased or amalgamated factory.' However, we find that the appellants had furnished an undertaking by the letters dated 30-9-2004 and 27-10-2004 that they had agreed to take over the current and future liabilities of NOCIL's unit that may ar....