2004 (3) TMI 516

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..... [Order per : C.N.B. Nair, Member (T)]. M/s. Suryavanshi Spinning Mills Ltd. has three textile units. One at Rajna in Madhya Pradesh and two others located in Andhra Pradesh. In June 1995, the unit at Rajna was converted into an Export Oriented Unit. In September 1995 the appellant sought and obtained permission to transfer two items of machinery which had been received in April 1995 at the .....

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..... dit is correctly available. The Reference has in this connection been made to Rule 57S(5) which permits the taking of credit on transferred machinery. 3. We have perused the records and considered the submissions made by both sides. It is noticed that Rule 57S specifically permits transfer of credit on account of shifting of the factory, change in ownership, change in the site of a factory etc. .....

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