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2018 (6) TMI 244 - AT - Central ExciseUtilization of unutilized credit - conversion of DTA to EOU - CBEC Circular No.77/1999-Cus. dated 18.11.1999 - Whether the appellants are entitled to utilize the input credit lying unutilized on the date of their conversion from DTA to EOU on 1.12.2006? - Held that:- Tribunal has been consistently holding that there was no provision prohibiting an EOU from availing balance of credit when the unit was converted into EOU from DTA - an EOU also manufacture goods for DTA clearances; in the absence of provisions requiring the DTA unit to reverse the credit balance at the time of its conversion into an EOU, the credit it had validly earned as a manufacturer continued to be available without any limitation of time or otherwise - appeal allowed - decided in favor of appellant.
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