Procedure for bifurcation of single unit into two units

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..... Procedure for bifurcation of single unit into two units
Query (Issue) Started By: - Hariharan Sundaram Dated:- 1-11-2013 Last Reply Date:- 13-11-2013 Central Excise
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Central Excise
Dear experts. pl clarify how to bifurcate single unit having manufacturing facility of melting and rerolling facility into two units so that one unit will have melting unit and the existing unit .....

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..... will have rerolling facility. The melting section is proposed to be leased out to new partners and there will be a compound wall separating two units. . procedure for the bifurcation in respect of central excise registration along with the documents / declarations to be submitted for bifurcation may please be given. Reply By Sanjay Bhalerao: The Reply: 1. Amend the Existing Excise Registration .....

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..... amended for Revised Ground Plan. (i.e. Area proposed to be used for Rerolling to be kept in existing Registration) Technically - All machines should be at proposed Rerolling area. 2. Get new Excise Registration for Remaining area (separated with compound wall) in the name of New Partner. (Ground plan of remaining area to be submitted while obtaining new registration) 3. Prepare Excise Invoice i .....

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..... n the name of New Partner and pay duty (After availing reduction in Cenvat as per Cenvat Credit Rules ). 4. New partner will avail Cenvat Credit in his books. Separate accounts will be maintained by two units. All other procedure related to other acts may be followed accordingly.
Discussion Forum - Knowledge Sharing .....

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