Transfer of CENVAT credit between registered premises allowed where common PAN; transfer challan and rule 11 entry required.

Unutilised CENVAT credit of additional duty under sub section (5) of section 3 may be transferred at quarter end between registered premises of the same manufacturer or producer registered on a common PAN, by recording an entry under rule 11 and issuing a transfer challan specifying registration details, amount transferred and particulars of the entry; the recipient may take credit on the challan and separate monthly returns must be submitted for transferring and recipient premises.

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