Transfer of Cenvat credit permitted when factory, inputs and capital goods are transferred and accounted to tax authority satisfaction. Rule 10 of the CCR allows transfer of unutilized Cenvat credit when factory relocation or business transfer occurs due to change of ownership, sale, merger, amalgamation, lease, or transfer to a joint venture with liability transfer provisions. The transfer is conditional on the transfer of stock of inputs (including in-process) and capital goods and their accounting to the satisfaction of the Assistant/Deputy Commissioner.