Unused Machine taken to our 2nd Factory.

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..... Unused Machine taken to our 2nd Factory.
Query (Issue) Started By: - Samik Chaudhuri Dated:- 26-3-2015 Last Reply Date:- 29-3-2015 Central Excise
Got 3 Replies
Central Excise
Sir I would .....

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..... like to know a Fryer Machine is received from China on Sept.2014 and we took cenvat credit also but later it is decided to send the said unused machine to our 2nd Factory which is the out side of the .....

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..... state and we raised Removal of Capital goods (stock transfer) invoice and send the material asked the 2nd Factory not to take any Cenvat credit. Am i right or wrong? Please suggest me. With thanks a .....

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..... nd regards Samik Chaudhuri. Reply By PAWAN KUMAR: The Reply: Dear Sir, You have to reverse the amount equivalent to Cenvat credit taken on such machine while sending the same to your 2nd factory u .....

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..... nder cover of the excise invoice. Reply By MUKUND THAKKAR: The Reply: Sir, Stock transfer invoice is applicable in case of transfer your FG. capital goods is not your FG. in such case you have to .....

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..... generate excise invoice and pay the excise duty and SAD of 4% if you have availed. Reply By Naveed S: The Reply: Yes, agreed with above views.
Discussion Forum - Knowledge Sharing .....

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