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2013 (12) TMI 1337 - CESTAT NEW DELHITransfer of the unutilized and accumulated cenvat credit - Inputs as well as the capital goods lying in the records – Waiver of Pre-deposit – Held that:- As per Rule 10 of Cenvat Credit Rules, 2004 is a beneficial piece of legislation allowing transfer of unutilized credit to the new assessee to whom the business stands transferred - The present assessee has undoubtedly been given central excise licence and has taken over all the liability of M/s Mound Trading Co. Pvt. Ltd. - all the assets in the shape of credit of the previous manufacturer have to be transferred to the appellant - The objection raised by Revenue on technical ground cannot be appreciated in the absence of any dispute of availability of credit to the appellant – thus, pre-deposits waived till the disposal – Stay granted.
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