Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2015 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (10) TMI 1915 - CESTAT CHENNAICENVAT Credit - Nil balance of credit at the time of transfer of business - Rule 10 of CCR - whether the applicant is eligible to avail transfer of credit under Rule 10 of Cenvat Credit Rules, 2004 and whether they are required to reverse the Cenvat credit on the value of closing stock of raw materials and semi-finished goods - Held that:- prima facie, the reversal of the Cenvat credit on the value of closing stock of raw materials and semi-finished goods is not supported by Rule 10 of Cenvat Credit Rules. - Applicant made out a prima facie case for waiver of pre-deposit of balance amount of duty along with interest and penalty. Accordingly, pre-deposit of balance amount of duty along with interest and penalty is waived till disposal of the appeal. - Stay granted.
|