Obligation u/r 3(1) cannot be transferred to recipient of credit u/r 7 of CCR, 2004: CESTAT Mumbai

Hindustan Coca-Cola Beverages Pvt Ltd Vs Commissioner of CGST & Customs (CESTAT Mumbai) CESTAT Mumbai held that the obligation under rule 3(1) of CENVAT Credit Rules, 2004 [CCR, 2004] cannot be transferred to the recipient of credit under rule 7 of CENVAT Credit Rules, 2004. Accordingly, order is without authority of law and liable to be set aside. Facts- M/s Hindustan Coca-Cola Beverages Pvt Ltd, who had been proceeded against for recovery of ₹ 24,12,150 and ₹ 11,56,666 under rule 14 of CENVAT Credit Rules, 2004, along with interest thereon, for having utilized credit that did not co...