No, PLA balance will not lapsed, it will get transfer under Rule 10 of Cenvat credit Rules, 2004, as a Transfer of Cenvat credit, to the satisfaction of A.C. or D.C.of C.Excise,
09 June 2010
Your co will nransfer or shifted from one range to another range PLA balance will not lapsed. Before you shifetd the co you should get new regestration and submit old co ER-1 and give request letter to supredent for Transfer PLA Balance.