Transfer of Cenvat Credit

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.... or on account of sale, merger, amalgamation, lease or transfer of the factory to a joint venture with the specific provision for transfer of liabilities of such factory, then, the manufacturer shall be allowed to transfer the CENVAT credit lying unutilized in his accounts to such transferred, sold, merged, leased or amalgamated factory. (2) If a provider of output service shifts or transfers hi....

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....l Excise or, as the case may be, the Assistant Commissioner of Central Excise. ======================== Rule 10 deals with the Transfer of Cenvat Credit in the following situations: 1 Shifting of premises to another site. 2 Change in ownership 3 Sale / Merger / Amalgamation / Lease 4 Transfer of factory to the joint venture For the situation 2 to 4 as above, transfer should be with the spec....