Excise matter

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This query is : Resolved

kalpesh parmar (Querist)

28 August 2014 we have a factory which is manufacturing chemicals at Narol(ahmd) and we have a godown at other place Paldi(ahmedabad)

we have Excise number of Manufacturing only

we have same Vat No for both Narol factory and Godown pladi.

we want to transfer finished product from factory to godown. but had not taken permission of for registration of godown from commissioner as it is too much costly and we cant bear that expenses as we had newly started business.

now the issue is to how to transfer the finished product , how to comply exicse procedure and how to make entry in books of accounts. we are using Tally ERP9. and only one company is created for both factory and godown as the owner is the same person for both places.

kindly help me out.
regards

Arun Kumar Singh

Arun Kumar Singh (Expert)

29 August 2014 You can transfer the goods from manufacturing unit to godown after payment of excise duty then department will no any objection. any value addition in the assessable value from godown then you need to pay excise duty on value addition of the goods. you need to consult with any professional.

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kalpesh parmar

kalpesh parmar (Querist)

29 August 2014 thanks for your reply sir,

but when i am removing goods from factory i am preparing Excise invoice so it is my sales and when further i am selling same goods from godown i am preparing Tax Invoice so my sales will be double in Tally as i am using only one company in tally for both the places.

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