Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2007 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (9) TMI 496 - CESTAT CHENNAICenvat/Modvat credit - Transfer of credit - Shifting of factory - Rule 8 of CCR - Held that: - The Rule does not require that the assessee can transfer credit corresponding only to the quantum of inputs transferred to a new factory. The rule permits the assessee to transfer the available credit along with inputs and capital goods in stock at a factory to the factory at a new location - In the instant case, the finding of the authorities is to the effect that the appellants had satisfactorily accounted for the inputs and capital goods and they had transferred these materials along with the credit balance available. This was in accordance with law - appeal allowed - decided in favor of appellant.
|