https://www.taxtmi.com/caselaws?id=31683 Modvat credit lying unutilized in an old unit could be transferred to a new unit for duty payment where the jurisdictional Commissioner had permitted the transfer under Rule 57F(7) after being satisfied that the inputs were properly accounted for. Rule 57F(21) could not be used to deny utilisation of that transferred credit merely because the inputs were not physically received at the new site. The transferred credit was therefore validly utilizable at the new unit, and the Revenue's objection failed. en-us Mon, 06 Nov 2006 00:00:00 +0530 Tue, 12 Jul 2016 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31683 Modvat credit lying unutilized in an old unit could be transferred to a new unit for duty payment where the jurisdictional Commissioner had permitted the transfer under Rule 57F(7) after being satisfied that the inputs were properly accounted for. Rule 57F(21) could not be used to deny utilisation of that transferred credit merely because the inputs were not physically received at the new site. The transferred credit was therefore validly utilizable at the new unit, and the Revenue's objection failed. Case-Laws Central Excise Mon, 06 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31683