Amalgamated companies can use unutilized Cenvat credit from amalgamating companies under Cenvat Credit Rules 2002. No recovery needed.

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....Cenvat credit Rules 2002 permitting carry forward of the unutilised Cenvat credit remained in the hands of the amalgamating company to be utilized by the amalgamated company, there is no question of any demand or recovery of the Cenvat credit amount - AT....