https://www.taxtmi.com/caselaws?id=85998 Modvat credit already earned on specified inputs could continue to be utilised after a change in management of the factory, because the credit under Rule 57A and its utilisation under Rule 57F are linked to the same unit, the declared inputs and the specified finished goods. The decisive factor was whether the operations, goods manufactured and inputs brought into the factory remained unchanged. A mere change in management did not, by itself, extinguish credit already taken where the credit related to the same factory and the same notified products. The assessee was therefore entitled to avail the credit. en-us Mon, 09 Sep 1996 00:00:00 +0530 Tue, 09 Aug 2011 15:34:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85998 Modvat credit already earned on specified inputs could continue to be utilised after a change in management of the factory, because the credit under Rule 57A and its utilisation under Rule 57F are linked to the same unit, the declared inputs and the specified finished goods. The decisive factor was whether the operations, goods manufactured and inputs brought into the factory remained unchanged. A mere change in management did not, by itself, extinguish credit already taken where the credit related to the same factory and the same notified products. The assessee was therefore entitled to avail the credit. Case-Laws Central Excise Mon, 09 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85998