https://www.taxtmi.com/caselaws?id=152416 Transfer of unutilized CENVAT credit from a closed unit to a new unit was upheld where the assessee informed the department of closure, cleared inputs and finished goods on payment of duty, surrendered registration, and obtained permission for transfer. The absence of physical movement of inputs and capital goods was not treated as fatal, because the clearance on duty payment satisfied the transfer arrangement and the rules did not require a rigid one-to-one correlation between transferred goods and the credit shifted. Disallowance of the credit was therefore unsustainable. en-us Tue, 21 Jul 2009 00:00:00 +0530 Wed, 03 Jul 2013 10:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152416 Transfer of unutilized CENVAT credit from a closed unit to a new unit was upheld where the assessee informed the department of closure, cleared inputs and finished goods on payment of duty, surrendered registration, and obtained permission for transfer. The absence of physical movement of inputs and capital goods was not treated as fatal, because the clearance on duty payment satisfied the transfer arrangement and the rules did not require a rigid one-to-one correlation between transferred goods and the credit shifted. Disallowance of the credit was therefore unsustainable. Case-Laws Central Excise Tue, 21 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152416