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2010 (2) TMI 498 - AT - Central ExciseCenvat/Modvat - whether the un-utilized Cenvat credit of Rs. 22,97,581/- standing to the account of this appellant as on 1-3-2000 in terms of Notification No. 10/2002 dated 1-3-2002 is to be carried forward to meet its consequence in accordance with law subsequently. Show Cause Notice was issued to forfeit the Cenvat credit above lying in the Account of Assessee on the ground that when the credit was unutilised, there is no further right to be carried forward to avail benefit of the same. Held that - right accrued cannot extinguish without mandate of law. In the light of the decision of Rasoi Ltd. v. UOI allow the appeal.
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