27 April 2010
The Excise complication would come only if the unit is registered in Central Excise and observing under CENVAT Credit Rules,2004.
The Rule 10 of the CENVAT Credit Rules,2004 is very clear for transfer of CENVAT Credit. The manufacturer is allowed to transfer credit to another unit in specified conditions. This transfer is subject to transfer of raw material, semi finished goods and capital goods.
For further query, feel free to write sanjayinfbd@yahoo.com (M-09350048731) or visit, HNO. 2489/8,Faridabad(Haryana).
CAclubindia
