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Central Excise - Highlights / Catch Notes

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Transfer of CENVAT Credit to lessee unit - Rule 10 of CCR 2004 - ...

Case Laws     Central Excise

March 13, 2023

Transfer of CENVAT Credit to lessee unit - Rule 10 of CCR 2004 - On going through the entire agreement, it is clear that there is consensus ad idem to transfer the ownership along with assets and liabilities to the lessee unit. - the rejection of the request to transfer CENVAT Credit balance as per Rule 10 of CCR 2004 is without any legal or factual basis. The Department is directed to issue permission to the appellant unit to transfer credit to the lessee unit - AT

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