PLEASE TELL ME WHEN SHIFTING OF FACTORY FROM ONE PLACE TO ANOTHER STOCK OF OLD FACTORY IS TRANSFERD TO NEW FACTORY WHETHER EXCISE DUTY IS APLLICABLE ON THE SUCH GOODS TRANSFERD (MANUFACTURING UNIT)
Veeresh (Self employed) (123 Points)
23 June 2016PLEASE TELL ME WHEN SHIFTING OF FACTORY FROM ONE PLACE TO ANOTHER STOCK OF OLD FACTORY IS TRANSFERD TO NEW FACTORY WHETHER EXCISE DUTY IS APLLICABLE ON THE SUCH GOODS TRANSFERD (MANUFACTURING UNIT)
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 24 June 2016
If manufacturer shifts his factory from one site to another site can transfer unutilised Cenvat Credit to the new premises to the satisfaction of Assistant/deputy Commissioner of Central Excise.
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