procedure of registration where, running unit is to be purchase, Central Excise

[shanker bansal]

sir

there are one excisebale unit which is running in a rented premises and in shut down process.

we want to purchase machine from that unit and to establish our new unit at sale rented premises.

now i wants to know what is the procedure for surrender the rc of old unit...purchasing the machine so that i can avial the modvat and the procedure for registration of my new unit.

my difficulty is that how i can register my unit at same address where already one unit is running.

pl guide me ..

thanks

09295956446

Posts / Replies

[Pradeep Khatri]

If such taking over is under Slump Sale under Section 391-394 of the Companies Act, then, you need to submit the Agreement to the Concerned Authorities alongwith the fresh Rent agreement, list of capital goods which you intent to buy out.

You would have to apply online to get yourself registered with the C.E. Department and surrender the existing R.C. to the C.E. Department. 

Same procedure will be adopted while getting the R.C. Under HVAT Act, 2003.  For any further clarifications, please revert.