https://www.taxtmi.com/article/detailed?id=1430 Rule 8 of the CENVAT Credit Rules is triggered by a factory shift, transfer of factory ownership, or transfer by merger/amalgamation/lease with transfer of liabilities; transfer of unutilized CENVAT credit is allowed only when stock of inputs or capital goods is transferred and accounted for to the Department's satisfaction. A mere change in shareholders or management, where the company remains the legal owner and continues manufacturing at the same factory, does not engage Rule 8 or its permission and accounting requirements. en-us Tue, 20 Sep 2011 23:45:03 +0530 Tue, 20 Sep 2011 23:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1430 Rule 8 of the CENVAT Credit Rules is triggered by a factory shift, transfer of factory ownership, or transfer by merger/amalgamation/lease with transfer of liabilities; transfer of unutilized CENVAT credit is allowed only when stock of inputs or capital goods is transferred and accounted for to the Department's satisfaction. A mere change in shareholders or management, where the company remains the legal owner and continues manufacturing at the same factory, does not engage Rule 8 or its permission and accounting requirements. Articles Cenvat Credit Tue, 20 Sep 2011 23:45:03 +0530 https://www.taxtmi.com/article/detailed?id=1430