merging of two business entity

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..... merging of two business entity
Query (Issue) Started By: - Ramesh Patel Dated:- 12-6-2010 Last Reply Date:- 14-6-2010 Central Excise
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Central Excise
What is criteria for mergin .....

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..... g two business entity in excise. Under which rule this can be referred. Reply By Rama Krishana: The Reply: In excise two issues are to be addressed before merging of two units (1) Duty of finished goo .....

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..... ds lying in stock at the time of merger (2) Treatment of unutilized cenvat credit. To the extent first question is there, if the goods remains withing the factory of production, excise duty is not pay .....

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..... able since even after merger, the owner would remain same. But, regarding cenvat credit, you need to follow rule 10 of the CCR, 2004.
Discussion Forum - Knowledge Sharing .....

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