Admissibility of un-utilized cenvat credit of DTA unit converted into EOU

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..... .Pol.(PF) Dated: 22.09.2016 PUBLIC NOTICE NO. 38/2016 Subject: - Admissibility of un-utilized cenvat credit of DTA unit converted into EOU - reg. Attention of all Exporters / Clearing Agents / Steamer Agents/Shipping agents/ Trade and Industry and Public is invited to Circular No. 77/99-Cus dt. 18.11,99 which provided for lapse of unutili .....

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..... oreover Rule 17 of Central Excise Rules' 2002 which deals with the removal of goods by an EOU, was amended w.e.f 06-9-2004 to allow use of Cenvat credit for payment of duty by an EOU. Rule 10 of Cenvat credit Rule'2004 provides in unambiguous terms that if manufacturer transfers his factory on account-of change in ownership or lease, then the manufacturer shall be allowed to transfer the C .....

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