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TMI BlogTrasnfer of New PremisesX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Expert. we are Register under Central Excise Act as a manufacture and we are change our premises so what is process ans which rule are applicable and we are not having any type of duty credit on our register. thanks - Reply By MUKUND THAKKAR - The Reply = Dear, First of all you have apply for new registration for your new primises, 2 Transfer all the inputs and machine ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry as such by paying the excise duty under excise invoice in the name address of new primises . if you are availed the cenvat credit on machinery than you have to follow the cenvat rules 3(5) . but be careful your cleance inputs and capital good not prior to your new registration date. it is advisable to remove inputs and machinery after obtain new registra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion.and take the cenvat credit on capital goods and raw material which you will pay from your old primises. 3, if you have not any balance in cenvat register you have to pay by cash, 4. you can also transfer the finished goods by paying excise duty. no cenvat credit is availble on finished goods . if possible to keep stock in old primises and clear the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ustomer from old primises to avoid double duty burden. 5 please surrender your old registration by giving bond to dept. - Reply By MAYUR DODIYA - The Reply = Dear Expert. can we are not amend our Registration and inform to Asst. Commissioner and stock details submit with amend Registration. - Reply By manju nath - The Reply = Sir, First we have to amend the registration th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enwe have follow procedure as per Rule 10 of Cenvat Credit of Rules. . Transfer of CENVAT credit. - (1) If a manufacturer of the final products shifts his factory to another site or the factory is transferred on account of change in ownership or on account of sale, merger, amalgamation, lease or transfer of the factory to a joint venture with the specific provision for transfer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of liabilities of such factory, then, the manufacturer shall be allowed to transfer the CENVAT credit lying unutilized in his accounts to such transferred, sold, merged, leased or amalgamated factory. (2) If a provider of output service shifts or transfers his business on account of change in ownership or on account of sale, merger, amalgamation, lease or transfer of the business to a joint ven ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ture with the specific provision for transfer of liabilities of such business, then, the provider of output service shall be allowed to transfer the CENVAT credit lying unutilized in his accounts to such transferred, sold, merged, leased or amalgamated business. ( 3) The transfer of the CENVAT credit under sub-rules (1) and (2) shall be allowed only if the stock of inputs as such or in process, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or the capital goods is also transferred along with the factory or business premises to the new site or ownership and the inputs, or capital goods, on which credit has been availed of are duly accounted for to the satisfaction of the Deputy Commissioner of Central Excise or, as the case may be, the Assistant Commissioner of Central Excise. Once if we ammend the registration we can transfer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the creidt to new unit with mere intmation to the AC OR DC OFFICE. Regards, c.k.manjunath 8903156245 - Reply By MUKUND THAKKAR - The Reply = Dear, your subject is transfer of new premises, not transfer of cenvat credit, Mr. Mayur is mention clearly " we are not having any type of duty credit on our register" - Reply By manju nath - The Reply = Dear Si ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, Shifting of premises from one to another location we have to follow the same producedure as meintoned Under Rule 10(1) (2) (3) after the amdement of registration since there is same owner ship is continune in new location also. I - Trasnfer of New Premises - Query Started By: - MAYUR DODIYA Dated:- 8-11-2013 Central Excise - Got 5 Replies - Central Excise - Discussion Forum - Knowledg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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