Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Stock Transfer To Godown Without Payemnt Of Duty

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Stock Transfer To Godown Without Payemnt Of Duty
Query (Issue) Started By: - Avinash Bhavsar Dated:- 29-3-2012 Last Reply Date:- 3-4-2012 Central Excise
Got 9 Replies
Central Excise
Dear Sir, Is it any rule from factory to godown stock transfer of without payemnt of EXCISE duty and VAT, factory at NAshik and Godown in Pune both in Maharastra State. Reply By Pradeep Khatri: The Reply .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... : You would have to take permission from the Chief Commissioner of Central Excise in this regards. Reply By Avinash Bhavsar: The Reply: Dear Sir, Which rule we apply Reply By Pradeep Khatri: The Reply: Under Rule 4(4) of the CENVAT credit Rules 2002:- (4) Notwithstanding anything contained in sub-rule (1), Commissioner may, in exceptional circumstances having regard to the nature of the goo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ds and shortage of storage space at the premises of the manufacturer where the goods are made, permit a manufacturer to store his goods in any other place outside such premises, without payment of duty subject to such conditions as he may specify. Reply By Avinash Bhavsar: The Reply: Dear Sir, I mean Final Product transfer to godown from factory without payment of duty. From Godown we remove th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e material? Reply By raj kumar shukla: The Reply: this is the same query that has already been replied by me on 26/03/2012 Reply By Avinash Bhavsar: The Reply: Dear Sir, On 26/03/12 I ask for only godown but now my query is without payemnt of Final Products transfer query is diffence Reply By raj kumar shukla: The Reply: pl go through my the reply thoroughly.. Reply By vijay kumar: The Rep .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ly: Dear Sir, though Rule 4(4) of Central Excise Rule, 2002, (and not Cenvat Credit Rule, 2004 as mentioned by Sri Pradeep Khatri) provides for such permission by the Commissioner, obviously this provision is meant for a place nearby the factory on account of shortage of space/ nature of goods and not different towns altogether falling under different Commissioen rates. The norm under Central Exc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ise law is - pay duty on clearance from factory - be it sale or stock transfer. I have no idea regarding VAT. Regards - Vijay Kumar. Reply By Naveed S: The Reply: It shall be very difficult to such a permission from the department as both the places fall under different Excise Commissionerate. It would be appropratie to take a Godown as well as a Dealer's registration licence at Pune and store .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the goods after stock transferring the said goods and then sell the goods from Pune under dealer registration invoice.. I am not able to offer any comments on the VAT aspect.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates