Excise applicable stock transfer

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Praveen kumar varma (Querist)
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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

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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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.

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