2004 (10) TMI 155

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....: Jyoti Balasundaram, Vice-President]. - The Commissioner of Central Excise Vadodara has confirmed duty demand of Rs. 3,75,95,902/- along with interest on the ground that the appellants were not entitled to credit of the above amount as they have not satisfied the conditions laid down in Rule 8(2) of Cenvat Credit Rules, after their amalgamation with Bharat Starch Industries Ltd. (manufacturer of ....

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....rred along with the factory to the new site or ownership and the inputs, or capital goods, on which credit has been availed of are duly accounted for the satisfaction of the Commissioner." A reading of the above rule shows that no prior permission from the competent authority is required before transfer of credit, which is the ground on which the show cause notice was issued, proposing denial o....