2012 (5) TMI 522

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..... ,49,939/- were transferred to the appellant’s CENVAT account and taken by the latter - Held that:- appellant, are entitled to transfer of CENVAT credit on ‘input services’ also in respect of inputs and capital goods. On a conjoint reading of sub-rules (1), (2) and (3) of Rule 10, we have found prima facie case for the appellant. Accordingly there will be waiver of pre-deposit and stay of recovery .....

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..... CENVAT credit on input services taken by Telelogic amounting to Rs. 1,47,34,988/- and similar CENVAT credit on input services taken by Cognos amounting to Rs. 1,75,49,939/- were transferred to the appellant s CENVAT account and taken by the latter, which is now in question in the present case. The dispute revolves around Rule 10 of the Cenvat credit Rules, 2004. The department is of the v .....

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