Transfer of unutilised excise credit permitted upon change of ownership or factory site, subject to conditions and input accounting. The Commissioner of Central Excise may, on application and subject to conditions, permit transfer of unutilised excise credit in Form RG-23A, RG-23B or RG-23C accounts where change of ownership or change of factory site results from sale, merger, amalgamation or transfer to a joint venture with explicit provision for transfer of liabilities, provided stock of inputs and inputs-in-process are transferred and all credited inputs are accounted for to the Commissioner's satisfaction.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of unutilised excise credit permitted upon change of ownership or factory site, subject to conditions and input accounting.
The Commissioner of Central Excise may, on application and subject to conditions, permit transfer of unutilised excise credit in Form RG-23A, RG-23B or RG-23C accounts where change of ownership or change of factory site results from sale, merger, amalgamation or transfer to a joint venture with explicit provision for transfer of liabilities, provided stock of inputs and inputs-in-process are transferred and all credited inputs are accounted for to the Commissioner's satisfaction.
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