https://www.taxtmi.com/caselaws?id=111502 Credit on duty-paid machinery remained available to the receiving unit when the machinery was transferred after conversion of the original unit into a 100% export-oriented unit. Rule 57S(5) was treated as permitting transfer of credit in situations involving shifting of a factory and similar changes, so credit earlier taken at the originating unit could be carried to the transferee unit on transfer of the machinery. The disallowance of credit was therefore held unjustified, and restoration of the credit was directed. en-us Tue, 09 Mar 2004 00:00:00 +0530 Mon, 23 Apr 2012 17:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111502 Credit on duty-paid machinery remained available to the receiving unit when the machinery was transferred after conversion of the original unit into a 100% export-oriented unit. Rule 57S(5) was treated as permitting transfer of credit in situations involving shifting of a factory and similar changes, so credit earlier taken at the originating unit could be carried to the transferee unit on transfer of the machinery. The disallowance of credit was therefore held unjustified, and restoration of the credit was directed. Case-Laws Central Excise Tue, 09 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111502