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CESTAT allows transfer of cenvat credit balance to lessee unit
Case Law Details
- Case Name
- Lakshmi Machine Works Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Chennai
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Lakshmi Machine Works Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai)
The issue to be decided is whether the rejection of the request to transfer the cenvat credit balance to the lessee unit is legal and proper. The provision under Rule 10 has already been noticed above. The Department has referred to the agreement between the parties to deny the permission to transfer the cenvat credit, with the reason that there is no express stipulation for transfer of all liabilities of the appellant-company to the lessee unit. On perusal of the agreement, we find that there is a clear in...
