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Central Excise - Highlights / Catch Notes

Home Highlights July 2018 Year 2018 This

Transfer of capital goods to sister unit (transfer of business) ...

Case Laws     Central Excise

July 13, 2018

Transfer of capital goods to sister unit (transfer of business) - Rule 3 (5) of the Cenvat Credit Rules, 2004 - The conditionalities of Rule 10 given in sub-rule (3) have also been complied with. Hence appellants have not fallen foul of Rule 10 of the CCR and are very much eligible to transfer the credit amount along with capital goods so transferred.

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