Excise applicable stock transfer
This query is : Resolved
Praveen kumar varma
(Querist)
05 October 2012
Dear sir,
pls advice me
our company is IT Company. there are two branch - banglore and mumbai. we are transfer finished goods banglore to mumbai branch and as it is goods are sold mumbai parties
pls advice we are charge excise and mvat in mumbai party
regards
praveen
pls advice me
our company is IT Company. there are two branch - banglore and mumbai. we are transfer finished goods banglore to mumbai branch and as it is goods are sold mumbai parties
pls advice we are charge excise and mvat in mumbai party
regards
praveen
Madhukar N Hiregange
(Expert)
08 October 2012
Excise duty is payable on removal of goods from Bangalore. The value would have to be calculated on COP+10% if the value of ultimate sale not known or comparable prices not available.
If price known then at that value itslef would be preferable.
If price known then at that value itslef would be preferable.
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