Availability of cenvat credit on transfer to sister concern

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TRANSFER OF CENVAT CREDIT AVAILED INPUT TO SISTER CONCERN.WHO WILL AVAIL THE CREDIT INTURN?HOW TO TRANSFER IT?

AI Summary

CENVAT credit transfer restricted to same legal entity; separate concerns may avail credit only on ownership change.
CENVAT credit transfer is allowed only between units/divisions of the same legal entity; transfer to a separate concern (including a sister concern) is permitted only upon change in ownership or business transfer such as sale, merger, amalgamation or lease. If inputs are moved to another unit, the transferor must reverse the credit and issue an excise invoice, after which the receiving unit may avail CENVAT credit on that invoice.