Cenvat credit of transferred unit cannot be denied when all assets and liabilities are transferred to Assessee

Cenvat credit of transferred unit cannot be denied when all assets and liabilities are transferred to Assessee https://www.taxtmi.com/article/detailed?id=5919 Cenvat credit in the books of a transferred unit is attributable to a transferee who acquires the entire assets and liabilities when a sale certificate or equivalent instrument conveys all property and encumbrances and the transferee fulfills the procedural conditions of the Cenvat Credit Rules and maintains Central Excise records, establishing continuity of the debit/credit entries. en-us Sat, 22 Nov 2014 08:32:18 +0530 Sat, 22 Nov 2014 08:32:18 +0530 TaxTMI RSS Generator Cenvat credit of transferred unit cannot be denied when all assets and liabilities are transferred to Assessee https://www.taxtmi.com/article/detailed?id=5919 Cenvat credit in the books of a transferred unit is attributable to a transferee who acquires the entire assets and liabilities when a sale certificate or equivalent instrument conveys all property and encumbrances and the transferee fulfills the procedural conditions of the Cenvat Credit Rules and maintains Central Excise records, establishing continuity of the debit/credit entries. Articles Central Excise Sat, 22 Nov 2014 08:32:18 +0530 https://www.taxtmi.com/article/detailed?id=5919