2012 (6) TMI 845

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....the respondent. 2. The only question proposed as substantial question of law in the present appeal is as under : Whether the CESTAT was right in allowing the Credit transferred by the assessee without transferring the inputs despite clear provisions contained in Rule 10(3) of Cenvat Credit Rules, 2004? 3. On going through the impugned order of the Tribunal, it is seen that the Tribuna....

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....te of surrender of the license by M/s. GTCL, while transferring the factory as also from the date of grant of new registration to the appellant. The department at the time of above exercise knew that there was no stock of raw material or finished goods available with M/s. GTCL undertook to discharge all central excise dues which may arise subsequently. In these circumstances it cannot be said that....