https://www.taxtmi.com/caselaws?id=260768 On transfer of an ongoing factory under a slump sale, unutilised Cenvat credit relating to inputs and work-in-progress can pass to the transferee under Rule 10 of the Cenvat Credit Rules, 2004 if the stock is transferred with the business. Inputs left in the factory on an as-is-where-is basis were not treated as cleared merely because ownership changed, so recovery of credit from the transferor was not sustainable. The operative effect is that the credit attaches to the transferred manufacturing unit and cannot be demanded from the seller where the factory continues as a going concern. en-us Thu, 15 Jan 2015 00:00:00 +0530 Tue, 23 Jun 2015 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260768 On transfer of an ongoing factory under a slump sale, unutilised Cenvat credit relating to inputs and work-in-progress can pass to the transferee under Rule 10 of the Cenvat Credit Rules, 2004 if the stock is transferred with the business. Inputs left in the factory on an as-is-where-is basis were not treated as cleared merely because ownership changed, so recovery of credit from the transferor was not sustainable. The operative effect is that the credit attaches to the transferred manufacturing unit and cannot be demanded from the seller where the factory continues as a going concern. Case-Laws Central Excise Thu, 15 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260768