https://www.taxtmi.com/caselaws?id=85206 After amalgamation of a manufacturing unit, Modvat credit could not be denied merely because no fresh declaration was filed under Rule 57G or because transfer of credit was not separately obtained. The original declaration had already been filed by the manufacturer, and the amalgamated unit continued the same manufacturing activity as a going concern without interruption. On that factual basis, the existing declaration was treated as substantially satisfying the rule requirement, and continuity of business supported transfer of credit. The demand for a fresh declaration and refusal to permit credit transfer were therefore not prima facie sustainable, and interim relief against recovery and pre-deposit was granted to the assessee. en-us Mon, 04 Mar 1996 00:00:00 +0530 Wed, 03 Aug 2011 14:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85206 After amalgamation of a manufacturing unit, Modvat credit could not be denied merely because no fresh declaration was filed under Rule 57G or because transfer of credit was not separately obtained. The original declaration had already been filed by the manufacturer, and the amalgamated unit continued the same manufacturing activity as a going concern without interruption. On that factual basis, the existing declaration was treated as substantially satisfying the rule requirement, and continuity of business supported transfer of credit. The demand for a fresh declaration and refusal to permit credit transfer were therefore not prima facie sustainable, and interim relief against recovery and pre-deposit was granted to the assessee. Case-Laws Central Excise Mon, 04 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85206