Excise

This query is : Resolved

Rahul Parekh (Querist)
Follow

18 August 2014 I have a query regarding one of my client which is a Private Limited Co. that, he is holding excise registration number. Previously they were using rented premises where the registration was obtained. In the said premises he was having material in hand which is raw material & Finished goods which is manufactured from the raw material & now they are shifting the premises so as per the CBEC rules we have to obtain new registration number for the said premises.

I have to inform you that there is a CENVAT Credit lying in the accounts of the older number. We need to transfer the CENVAT credit to the new number & new premises.

We have been informed by their excise consultant that, we need to maintain 2 sets of books for the date of closure of old units & starting of the new units.

Please advise me, what is correct method to be followed in excise rules to avail & Continue with the CENVAT Credit they have in the books for the old registration number & to be carried forward to the new number. And whether we have to maintain two sets of Books of Account for Old number & New Number?

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

18 August 2014 After the transfer all inputs and capital goods in the new premises you can surrender your old registration after making all the liability in the old premises.

Rupesh Jain

Rupesh Jain (Expert)
Follow

22 August 2014 you have to take new number and tfr the goods by billing and then surrender the old number.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vidit Ratanghayra

Ravi Varshney

Sreekumar J Pai

Moby Mogli

Mikilesh Shah

Subscribe Now

Excise

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA