https://www.taxtmi.com/caselaws?id=43670 On merger or amalgamation of factories, MODVAT credit could be transferred only to the extent relatable to inputs in stock, inputs in process, and final products in stock, provided the credit had not been availed earlier and did not exceed the RG 23A balance. The Madras High Court noted that the parties accepted the effect of the Board's clarification, so no elaborate adjudication was required. It set aside the impugned proceedings and left it open to the respondents to issue fresh orders, if necessary, in accordance with that clarification. en-us Tue, 13 Jul 1993 00:00:00 +0530 Sat, 19 Jun 2010 13:19:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43670 On merger or amalgamation of factories, MODVAT credit could be transferred only to the extent relatable to inputs in stock, inputs in process, and final products in stock, provided the credit had not been availed earlier and did not exceed the RG 23A balance. The Madras High Court noted that the parties accepted the effect of the Board's clarification, so no elaborate adjudication was required. It set aside the impugned proceedings and left it open to the respondents to issue fresh orders, if necessary, in accordance with that clarification. Case-Laws Central Excise Tue, 13 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43670