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Cenvat credit admissible to transferee on account of change of ownership
Case Law Details
- Case Name
- Commissioner of Customs Vs Matrix Laboratories Ltd. (CESTAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Hyderabad
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Commissioner of Customs Vs Matrix Laboratories Ltd. (CESTAT Hyderabad)
CESTAT Hyderabad held that CENVAT Credit in the books of the transferor is duly available to the transferee on account of change of ownership as per Rule 10 of the Cenvat Credit Rules.
Facts- The issue in the present appeal by Revenue is whether the appellant is rightly entitled to cenvat credit which was available in the books of accounts of one Vivin Laboratories Private Ltd., as they have taken over the plant and machinery of the said company on outright sale basis, including transfer of land.
Conclusion...
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