https://www.taxtmi.com/caselaws?id=100123 Money credit earned by the original manufacturer before takeover remained available for utilisation by the transferee where the transferee had taken over the factory together with its assets and liabilities. The transferee was treated as stepping into the shoes of the transferor for the purpose of using the accrued credit, so the objection based on the takeover failed. The order denying credit could not be sustained, and utilisation of the earned credit was upheld. en-us Wed, 30 May 2001 00:00:00 +0530 Tue, 31 Jan 2012 12:42:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100123 Money credit earned by the original manufacturer before takeover remained available for utilisation by the transferee where the transferee had taken over the factory together with its assets and liabilities. The transferee was treated as stepping into the shoes of the transferor for the purpose of using the accrued credit, so the objection based on the takeover failed. The order denying credit could not be sustained, and utilisation of the earned credit was upheld. Case-Laws Central Excise Wed, 30 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100123