storage of Finished goods to another unit

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..... storage of Finished goods to another unit
Query (Issue) Started By: - kamal chordia Dated:- 25-4-2016 Last Reply Date:- 26-4-2016 Central Excise
Got 5 Replies
Central Excise
Dear Sir Please note that if a company having 3 unit and having separate central excise registration. Due to heavy stock accumulation in one unit, can finished goods of this unit can be stored in another unit whi .....

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..... ch is adjoining to first unit. Or We need to take permission from Asstt. Comm., C.E. Kamal Reply By KASTURI SETHI: The Reply: You will have to seek permission from A.C./D.C. under Rule 8 of Cenvat Credit Rules, 2004. Reply By MADAN RAHEJA: The Reply: Dear Sir,In my view correct Rule in this regard is Rule 4(4) of Central Excise Rules, 2002 whereunder Commissioner/Principal Commissioner have .....

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..... been empowered to grant permission to store finished goods outside factory premises under exceptional circumstances keeping in view nature of goods and shortage of space. Rule 8 of CCR is not for finished goods but for storage of cenvatable inputs outside manufacturing premises. Reply By surya narayana: The Reply: Dear Friend, As already stated, RUle 4 of CE Rules provides for such permission .....

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..... subject to certain conditions with respect to certain goods based on nature etc., Generally, this permission will be considered for seasonal products like Sugar et., and not for other goods. I had an experience on the similar issue Further, Rule 4 only says storage of goods in other place/premises and not clear whether other unit of the same manufacturer can also cover under this provision. Ins .....

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..... tead, why don't you explore the possibility of single Registration in terms of the newly introduced provisions in the Budget since your units are situated in the same area this not only avoids multiple returns but also to address the storage problems. Best Regards Suryanarayana Reply By Ganeshan Kalyani: The Reply: Perfect solution is given by Sri Surya Sir. When there is provision the ben .....

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..... efits of it should be availed. Thanks. Reply By kamal chordia: The Reply: Dear Sir Thanks to Shri Kasturi Sir, Shri MadanSir and Shri Surya Sir for valuable guideline. Regards Kamal Chordia
Discussion Forum - Knowledge Sharing .....

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