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of <h1>Manufacturers can transfer unutilized CENVAT credit between premises under section 3(5) of the Customs Tariff Act with shared PAN.</h1> A manufacturer or producer with multiple registered premises can transfer unutilized CENVAT credit of additional duty, as per sub-section (5) of section 3 of the Customs Tariff Act, between these premises. This is applicable if all premises share a common Permanent Account Number under the Income-tax Act, 1961. The transfer must be documented in the records maintained under rule 11 and a transfer challan must be issued, detailing the registration numbers, names, addresses, and credit amounts. The receiving premises can claim CENVAT credit based on this challan. Monthly returns must be submitted separately for both transferring and receiving premises.
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