TMI Blog2013 (12) TMI 1337X X X X Extracts X X X X X X X X Extracts X X X X ..... it to the new assessee to whom the business stands transferred - The present assessee has undoubtedly been given central excise licence and has taken over all the liability of M/s Mound Trading Co. Pvt. Ltd. - all the assets in the shape of credit of the previous manufacturer have to be transferred to the appellant - The objection raised by Revenue on technical ground cannot be appreciated in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roducts With effect from 5.8.2008, the appellant started manufacturing goods in the same factory with the same capital goods for and on behalf of Parle Products. They were given Central Excise registration and they have started paying duty on their final product accordingly. 2. The dispute in the present appeal relates to transfer of the unutilized and accumulated cenvat credit of duty in respec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... undoubtedly been given central excise licence and has taken over all the liability of M/s Mound Trading Co. Pvt. Ltd. If that be so, all the assets in the shape of credit of the previous manufacturer have to be transferred to the appellant. The objection raised by Revenue on technical ground cannot be appreciated in the absence of any dispute of availability of credit to the appellant. As such, w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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