https://www.taxtmi.com/caselaws?id=357347 Rule 10 of the CENVAT Credit Rules, 2004 permits transfer of unutilized CENVAT credit when a factory is transferred or its constitution changes, and the transferable credit is not confined to the value of inputs physically found in stock. The provision requires transfer of the available credit along with inputs and capital goods in stock, but does not impose input-wise correlation as a condition for migration of credit to the new entity. The Tribunal noted supporting precedent and accepted that the credit claimed existed. The Revenue's objection was rejected, and the credit was treated as transferable in full. en-us Mon, 26 Feb 2018 00:00:00 +0530 Mon, 04 Mar 2019 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357347 Rule 10 of the CENVAT Credit Rules, 2004 permits transfer of unutilized CENVAT credit when a factory is transferred or its constitution changes, and the transferable credit is not confined to the value of inputs physically found in stock. The provision requires transfer of the available credit along with inputs and capital goods in stock, but does not impose input-wise correlation as a condition for migration of credit to the new entity. The Tribunal noted supporting precedent and accepted that the credit claimed existed. The Revenue's objection was rejected, and the credit was treated as transferable in full. Case-Laws Central Excise Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357347