Large taxpayer duty-free transfers allowed, with recipient liable if subject goods not cleared within the prescribed period. Permits large taxpayers to transfer specified intermediate excisable goods duty-free between their registered premises under serially numbered transfer challans or invoices, provided the goods are used to manufacture subject goods and those goods are either cleared on payment of applicable excise or exported under bond within a prescribed short period; failure to comply makes the recipient premises liable to pay the excise duty (or an equivalent amount where subject goods are not dutiable) with interest calculated as at removal. The rule includes exceptions, procedural safeguards, and ancillary compliance requirements.