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stock transfer process, Central Excise |
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stock transfer process |
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Dear Experts, We are two manufacturing unit in Haridwar. Unit one is non excise able and unit two is registered manufacturer in central excise. so that We want to transfer some raw material and finish goods unit-i plant to unit-ii plant. What will be the excise formality in this case. like as challenge and stock register and cenvat etc. Thank and Regards Aashish Kumar Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Dear Shri. Aashish kumar, Since your unit one is engaged in the manufacture of non excisable goods you cannot take credit of duty paid on the raw material received in unit I. However you can transfer the raw material under your own invoice indicating the value and duty paid as indicated in the invoice of your supplier and send it to unit II which can avail the credit. As far as your finished goods manufactured in Unit I since they are non-excisable no duty is payable on the same. It can be transferred to unit II under your commercial invoice.
Dear Experts,
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