Revarsal of excise

Dear All,

Client has transferred his machinery from Tamilnadu  to Gujarat i.e. from one factory to another factory. Now, does this branch transfer require reversal of CENVAT credit availed by Tamilnadu branch under Rule 3(5)? If yes, whether the amount of reversal can be availed by Gujarat branch subsequently?

Replies (1)

Rule 10 of Cenvat Credit Rules allows transfer  of credit without reversing the same.

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