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Transfer of Cenvat Credit

Central Excise - Started By: - Vardharajan Aiyangar - Dated:- 13-1-2017 Last Replied Date:- 14-1-2017 - Dear Sirs,Our client has two factories manufacturing alloy steel castings. Unit -1 is in Maharashtra and Unit-2 is in Karnataka.Unit-1 is now closed and some of the capital goods and stocks were transferred to the Unit-2, in mid 2016.Unit-1 is having substantial cenvat credit as on today, Jan 2017.Can such credits be transferred to Unit-2 and utilised for clearances from Unit-2?? Rule 10 state .....

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