https://www.taxtmi.com/caselaws?id=409 Unutilised credit may be transferred where a factory is shifted to another location and the same business continues under the same assessee. The Tribunal treated the movement of machinery, books of account, and operations from Hyderabad to Bangalore as a genuine factory relocation, not a mere closure, and held that completion of the earlier projects did not defeat the transfer claim. It further applied prior authority that there is no legal requirement for physical stock of inputs to remain at the old premises when the unit itself is shifted. On that basis, transfer of the unutilised credit was permissible. en-us Wed, 08 Feb 2006 00:00:00 +0530 Thu, 16 Aug 2018 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409 Unutilised credit may be transferred where a factory is shifted to another location and the same business continues under the same assessee. The Tribunal treated the movement of machinery, books of account, and operations from Hyderabad to Bangalore as a genuine factory relocation, not a mere closure, and held that completion of the earlier projects did not defeat the transfer claim. It further applied prior authority that there is no legal requirement for physical stock of inputs to remain at the old premises when the unit itself is shifted. On that basis, transfer of the unutilised credit was permissible. Case-Laws Central Excise Wed, 08 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409