https://www.taxtmi.com/caselaws?id=86583 A successor private limited company that takes over a dissolved partnership firm as a going concern, along with its assets, liabilities, inputs and finished goods, is entitled to carry forward the unutilised Modvat credit standing in RG 23A Part II. Modvat credit under Rule 57A is meant for use in relation to manufacture, and Rule 57F governs its utilisation; a mere change in the legal form of the manufacturing unit does not by itself defeat that entitlement. Technical objections were rejected because the business continuity remained intact and no contrary factual basis was shown. en-us Mon, 10 Feb 1997 00:00:00 +0530 Thu, 25 Aug 2011 17:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86583 A successor private limited company that takes over a dissolved partnership firm as a going concern, along with its assets, liabilities, inputs and finished goods, is entitled to carry forward the unutilised Modvat credit standing in RG 23A Part II. Modvat credit under Rule 57A is meant for use in relation to manufacture, and Rule 57F governs its utilisation; a mere change in the legal form of the manufacturing unit does not by itself defeat that entitlement. Technical objections were rejected because the business continuity remained intact and no contrary factual basis was shown. Case-Laws Central Excise Mon, 10 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86583