Admissibility of un-utilized cenvat credit of DTA unit converted into EOU

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.... PUBLIC NOTICE NO. 38/2016 Subject: - Admissibility of un-utilized cenvat credit of DTA unit converted into EOU - reg. Attention of all Exporters / Clearing Agents / Steamer Agents/Shipping agents/ Trade and Industry and Public is invited to Circular No. 77/99-Cus dt. 18.11,99 which provided for lapse of unutilized balance modvat credit on conversion of DTA unit into EOU/EHTP/STP unit. 2.....

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.....f 06-9-2004 to allow use of Cenvat credit for payment of duty by an EOU. Rule 10 of Cenvat credit Rule'2004 provides in unambiguous terms that if manufacturer transfers his factory on account-of change in ownership or lease, then the manufacturer shall be allowed to transfer the Cenvat credit lying unutilized in his accounts to transferred entity. EOU is a manufacturer, and hence this rule ap....