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new unit under same management, Central Excise |
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new unit under same management |
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We are manufacturing plastic injection moulded goods. If we starts a new manufacturing unit (with the funds of excisting unit) just 1KM around the unit how should we move articles to the new unit for manufacturing. The unit is under the same management, no seperate bank account, no seperate employees account and sales tax registered as branch. What forms required and credit should reverse. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
EVEN SAME UNIT BUT THIS IS 1 K.M. AWAY FROM THE MANUFACTURING UNIT. HENCE WHILE THE GOODS SENT TO THAT UNIT REQURES DC AND INFORM TO EXCISE OFFICIALS. .OR DEBIT THE CENVAT CREDIT TAKEN FOR THE GOODS AND SENT.FOR SALE TAX FOR JJ MUST ENCLOSED FOR OTHER THAN SALE. TRANSFER TO BRANCH OFFICE. PROVIDED THE UNIT MUST BE REGISTRED. TKS
THANK YOU FOR YOUR INFORMATION. WHAT DC IS REQUIRED WHETHER COMPANY DC OR JOB WORK DC UNDER THE RULE OF C.E. WE ARE NOT BILLING DIRECT LY FROM THE NEW UNIT. AFTER MANUFACTURING THE GOODS WILL BE RETURNED TO THE PARENT FACTORY AND FROM THERE ONLY GOODS WILL SALE. SO DEBIT THE CENVAT CREDIT IS REQUIRED
if it is job work ude dc as per excise. and you have to use jj for for local tax. The job worker again send back with the dc and charge service tax for their value additions. To avoid all this complication reise bill and debit the cenvat credit and charge sale tax and sent to your job worker this become input credit to job worker and your job worker raises bill charge ce and local tax while sending meterial to you it become input to you. we can abvoid all this mathching delicer chalan and issue jj form etc. but befor doing this take permision from your division cental excise superintendent/. Page: 1 Old Query - New Comments are closed. |
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