https://www.taxtmi.com/caselaws?id=107757 A continuing industrial unit that changes only its legal form from partnership to private limited company is not denied Small Scale Industry exemption merely because the amended registration is issued later, where the application for correction is made on the date of conversion and the notification does not require the certificate to take effect only from issuance. In the same factual setting, Modvat credit remains available to the successor company when the manufacturing unit, assets, liabilities and claims continue unchanged, and a fresh Rule 57G declaration is treated as a technical formality rather than a substantive condition defeating earned credit. en-us Mon, 21 Jul 2003 00:00:00 +0530 Mon, 26 Mar 2012 14:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107757 A continuing industrial unit that changes only its legal form from partnership to private limited company is not denied Small Scale Industry exemption merely because the amended registration is issued later, where the application for correction is made on the date of conversion and the notification does not require the certificate to take effect only from issuance. In the same factual setting, Modvat credit remains available to the successor company when the manufacturing unit, assets, liabilities and claims continue unchanged, and a fresh Rule 57G declaration is treated as a technical formality rather than a substantive condition defeating earned credit. Case-Laws Central Excise Mon, 21 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107757