Transfer of Cenvat Credit

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..... unt of change in ownership or on account of sale, merger, amalgamation, lease or transfer of the factory to a joint venture with the specific provision for transfer of liabilities of such factory, then, the manufacturer shall be allowed to transfer the CENVAT credit lying unutilized in his accounts to such transferred, sold, merged, leased or amalgamated factory. (2) If a provider of output se .....

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..... Deputy Commissioner of Central Excise or, as the case may be, the Assistant Commissioner of Central Excise. ======================== Rule 10 deals with the Transfer of Cenvat Credit in the following situations: 1 Shifting of premises to another site. 2 Change in ownership 3 Sale / Merger / Amalgamation / Lease 4 Transfer of factory to the joint venture For the s .....

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..... factory or business premises to the new site or ownership - Inputs, or capital goods, on which credit has been availed of are duly accounted for to the satisfaction of the Deputy Commissioner of Central Excise or, as the case may be, the Assistant Commissioner of Central Excise. Important points: 1 Cenvat credit can be transferred even if inputs are not transferred and also it is no .....

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