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2015 (1) TMI 182 - CESTAT BANGALORECENVAT Credit - credit available to one unit availed by another unit - Investor Consultancy Services - Held that:- According to Rule 12A of Cenvat Credit Rules, any branch of LTU can transfer the Cenvat credit to other branches of the same company without any limit. However we find that the procedure followed by the appellants in availing the entire credit in one unit whereas the same was attributable to all the units may not be correct procedurally. However this would be only a procedural infraction and may not call for denial of the entire Cenvat credit availed by the appellants. Therefore we find that appellants have made out a prima facie case for waiver of pre-deposit and stay against recovery. Accordingly the application for waiver of pre-deposit and stay against recovery is allowed during the pendency of appeal - Stay granted.
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