Rule 3(5A)(a) of CENVAT Credit Rules Applies to Generator Set Transfer Between Sister Companies.

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....CENVAT Credit - transfer of Generator set after use by the appellant to its sister concern where the value has been assigned to that transfer - applicability of Rule 3(5A)(a) of the CCR, 2004 - The question of adjudication stands answered in affirmative i.e. Rule 3(5A) (a) the proviso thereof is applicable to the impugned transaction of the generator set after use by the appellant from one unit to another. - AT....