Excisable goods transfer

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..... Excisable goods transfer
Query (Issue) Started By: - yateen vyas Dated:- 29-4-2017 Last Reply Date:- 2-5-2017 Central Excise
Got 4 Replies
Central Excise
Sir, I am sending manufacturer goods from our manufacturer plant to Excise registered depot now i have 2 question 1. What will be valuation for this type of transfer ? from plant to depot (price will be same for other or contact p .....

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..... rice) 2. can my registered depot put both type of goods suchj as Non- Excisable and Excisable goods in his Excise registerd depot. Rgds YAteen vyas Reply By Himansu Sha: The Reply: The valuation will be as per rule 7 of valuation rules,2000. It is immaterial when the goods sent by you are sold from depot. The value of cleasrasnce from the fasctorty will be determined at the rate at which simi .....

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..... lar goods are cleared from the depot on the same date. If from the depot there are several clearances, the rate of the invoice wherre the highest quantity is despatched will be considered for valuation purposes. This is a post clearance exercise. Therefore provisional assessment is done on such cases. Reply By Himansu Sha: The Reply: Please see the details at para 3.2 of the cbec central excise .....

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..... manual. Reply By KASTURI SETHI: The Reply: In terms of Chapter-3 Part-III Valuation Para No.2 Transaction Value ( Manual of Supplementary Instructions, 2005 as amended), Transaction Value at the depot is applicable for charging Central Excise duty. Pl. go through all clauses of Para No. 2 titled as Transaction Value. Reply By KASTURI SETHI: The Reply: If a manufacturer is unable to determine p .....

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..... rice under Section. 4 of the Central Excise Act, then that person is to resort to Valuation Rules.
Discussion Forum - Knowledge Sharing .....

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