Stock transfer - duty free material, Central Excise

[subramanian]

Whether we can STOCK TRANSFER the Duty Free Material procured under Notification no. 43/2001 CE(NT) dated 26.06.2001, (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2001. Notification No. 34/2001-C.E. (N.T.)dated 21.06.2001. If yes, under what conditions ?

Posts / Replies

[Mukesh Kumar]

Various factors are to be seen. If you are shifting the factory completely to another place, than yes you can transfer the material. Otherwise, it is very difficult to stock transfer. However, if the purpose of transfer of such goods is to use into export goods in that you may be allowed to transfer, but be careful.