2001 (5) TMI 703

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....e Respondent. [Order per : Gowri Shankar, Member (T)]. -  The following questions are posed for reference to the High Court : (i)      Whether the balance of Modvat credit lying in RG 23A Part II could at all be allowed to be transferred by one manufacturer to another manufacturer in terms of sub-rule (6) of Rule 57F of the Rules as it stood then in the event of th....

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....fore the Tribunal, the change of ownership of the factory by way of merger, amalgamation or other transaction involving takeover of the assets and liabilities of one manufacturer by another. Relying on four earlier decisions of the Tribunal in Sushripada Chemicals v. C.C.E. & C. - 1996 (88) E.L.T. 109, Ashapura Electricals Ltd. v. CCE - 1989 (42) E.L.T. 709, Saurashtra Chemicals v. CCE - 1998 (101....