CAPITAL GOODS,
This query is : Resolved
25 October 2010
Dear Experts,
We have two Units. Both are Registered with Excise. We have imported one Capital goods (machinery) in the Unit-II. We have received the machinery on 23.10.10. Today we want to shift it to Unit No.I. So what is the procedure please let me know.
Thanks and regards
R.Dutta
We have two Units. Both are Registered with Excise. We have imported one Capital goods (machinery) in the Unit-II. We have received the machinery on 23.10.10. Today we want to shift it to Unit No.I. So what is the procedure please let me know.
Thanks and regards
R.Dutta
26 October 2010
Assuming that you have availed 50% credit at Unit-I, first you will have to avail balance 50% credit. Remove the CG on excise invoice by reversing 100% credit taken. Unit-I can avail credit as per normal procedure on the invoice raised by Unit-II.
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