Rule 12A - Procedure and facilities for large taxpayer.- Notwithstanding anything contained in these rules, the following procedure shall apply to a large taxpayer,

Cenvat credit transfer allowed between registered premises for large taxpayers, subject to use, duty payment or export, and interest on default.

Large taxpayer registered premises may transfer inputs and specified capital goods with CENVAT credit between registered premises under a serially numbered transfer challan for manufacture, provided the goods are used to produce final products cleared on payment of appropriate excise duties or exported under bond within six months; failure to meet these conditions requires the recipient to pay an amount equal to the credit taken by the sender with interest, subject to specified exemptions and conditions imposed by the Large Taxpayer Unit.