Excise on consingnment stock trf
This query is : Resolved
26 April 2013
Dear Sir,
Excise is applicable on consignment stock transfer or not. As one company is ABCD (depot) & another is WXYZ. ABCD (depot) receive stock trf from his related name ABCD, pune, cuttak, jammu etc ( manufacturer units ). This condition excise is not applicable on stock trf bill. But then WXYZ which name is a different from ABCD. Transfer stock to ABCD on consignment based. Then excise will applicable on it or not?
Regard,
Rahul Kumar Mehra
Excise is applicable on consignment stock transfer or not. As one company is ABCD (depot) & another is WXYZ. ABCD (depot) receive stock trf from his related name ABCD, pune, cuttak, jammu etc ( manufacturer units ). This condition excise is not applicable on stock trf bill. But then WXYZ which name is a different from ABCD. Transfer stock to ABCD on consignment based. Then excise will applicable on it or not?
Regard,
Rahul Kumar Mehra
04 May 2013
Excise duty will be applicable on stock transfer also. If goods will be removed from factory gate then duty will be payable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SFT Cash Deposit in Current Account
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
