Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2009: CESTAT [Read Order]

The CESTAT allowed the transfer of credit during the closure of a factory in terms of rule 10 of CCR 2009.
By Sunayana Dhal - On December 25, 2023 11:32 am - 2 mins read
Transfer of Credit in case of Closure of factory is permissible in terms of Rule - CESTAT - TAXSCAN

The Bangalore bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) held that the transfer of credit in case of closure of a factory is permissible in terms of Rule 10 of Cenvat Credit Rules (CCR) 2009. The appellant M/s. Glass House filed a Bill for the clearance of “Dark Green Reflective Float…

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