2018 (3) TMI 1050

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.... Shri H.M. Dixit, Asstt. Commissioner (AR), for Appellant Shri A.M. Chitnis, Advocate, for Respondent Per: Archana Wadhwa Being aggrieved with the order passed by the Commissioner (Appeals), Revenue has filed the present appeal. 2. We have heard Shri H.M. Dixit, learned Asstt. Commissioner (AR) appearing for the Revenue and Shri A.M. Chitnis, learned Advocate appearing for the respo....

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....g for the Revenue contends that inasmuch as the inputs were not available on the date of transfer, the credit is to be allowed only to the extent of availability of inputs. 5. We find no merit in the above contention of the Revenue. On going through Rule 10, we find that the same permitted the assessee to transfer the available credit along with inputs and capital goods in stock at the factory ....