https://www.taxtmi.com/circulars?id=6303 Transfer of Money Credit on change of factory ownership or amalgamation is not allowed. A new owner must satisfy the declaration requirement to participate in the Money Credit scheme; credit is available only for inputs used in manufacture after filing the declaration. The new owner may claim credit on inputs in stock after fulfilling declaration conditions, but any excess utilised credit recorded by the prior manufacturer is not transferable or available to the new owner. en-us Thu, 11 Mar 1993 00:00:00 +0530 Wed, 01 Jul 2009 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6303 Transfer of Money Credit on change of factory ownership or amalgamation is not allowed. A new owner must satisfy the declaration requirement to participate in the Money Credit scheme; credit is available only for inputs used in manufacture after filing the declaration. The new owner may claim credit on inputs in stock after fulfilling declaration conditions, but any excess utilised credit recorded by the prior manufacturer is not transferable or available to the new owner. Circulars Central Excise Thu, 11 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6303