merging of two business entity

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....erging of two business entity<br> Query (Issue) Started By: - Ramesh Patel Dated:- 12-6-2010 Last Reply Date:- 14-6-2010 Central Excise<br>Got 1 Reply<br>Central Excise<br>What is criteria for merging....

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.... two business entity in excise. Under which rule this can be referred. Reply By Rama Krishana: The Reply: In excise two issues are to be addressed before merging of two units (1) Duty of finished good....

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....s lying in stock at the time of merger (2) Treatment of unutilized cenvat credit. To the extent first question is there, if the goods remains withing the factory of production, excise duty is not paya....

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....ble since even after merger, the owner would remain same. But, regarding cenvat credit, you need to follow rule 10 of the CCR, 2004.<br> Discussion Forum - Knowledge Sharing ....