2018 (3) TMI 1050

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..... rmitted the assessee to transfer the available credit along with inputs and capital goods in stock at the factory at a new location. There is no requirement under the rule that the assessee can transfer credit corresponding to the availability of quantum of inputs - transfer of credit allowed - appeal dismissed - decided against Revenue.
MRS. ARCHANA WADHWA, MMBER (JUDICIAL) AND RAJU, MEMBERE ( .....

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..... stock on the date of transfer of ownership of the factory and rejected the balance claim of around ₹ 58 lakhs. 3. The Commissioner (Appeals), on appeal, referred to the provisions of Rule 10 of the CENVAT Credit Rules, which allows the transfer of the unutilized accumulated CENVAT Credit and held in favour of the assessee. Hence, the present appeal by the Revenue. 4. Learned AR appearing .....

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