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2014 (6) TMI 27 - AT - Central ExciseCENVAT Credit - cenvat credit lying unutilized in the accounts of de-bonded 100% EOU is transferred to their DTA unit - Held that:- prima facie transfer of cenvat credit available in EOU account to the DTA unit on debonding of EOU is permissible. It is further observed that inputs and capital goods on which credit was availed by EOU were further utilized in DTA unit and therefore they are eligible for credit. Ld. advocate contended that the amount in question is still lying in the books of account and therefore there is no reason for insisting for predeposit of the amount by way of cash - Following decision of Tecumseh Products India P. Ltd. Vs CC & C.E [2011 (3) TMI 632 - CESTAT, BANGALORE] - Matter remanded back - Decided in favour of assessee.
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