Cenvat credit transfers between registered LTU premises permitted subject to use in manufacture or export within six months.

Large taxpayer premises may transfer inputs and capital goods between registered premises without payment of specified duties when recipient uses them to manufacture dutiable final products or exports them under bond/letter of undertaking within six months; transfers require serially numbered transfer challans or invoices and failure to meet conditions triggers recovery of credit with interest. Recipients may take credit of amounts paid under recovery provisos, sender credit cannot be denied for transfers under the LTU procedure or for use in intermediate goods, and capital goods used exclusively for exempted goods attract recovery with interest.

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