Transfer of credit (Rule 10 of the CCR): - Central Excise Practice Manual (OLD) - Central Excise

17. Transfer of credit (Rule 10 of the CCR): When the manufacturer shifts his factory to another site or transfers the factory on account of change in ownership or on account of sale, merger, amalgamation, lease or transfer of the factory to a joint venture with specific provisions for transfer of liabilities of such factory, he can transfer Cenvat credit lying unutilized to such transfered, sold, merged, leased or amalgamated business. The transfer of Cenvat credit will be allowed when the stock of inputs as such, in process and the capital goods are transferred and they are accounted for to the satisfaction of the Asst / Deputy Commissioner.