Extended factory for storage (rule 8)
This query is : Resolved
22 August 2011
Hello,
If a manufacturer want to setup a warehouse outside the manufacturing facility for storage of input,
1. What is the best approach to ensure legal complaince.Is there any registeration involved with Excise [dealership/ manufacturing or any other]
2. How can CENVAT be availed upon receipt of goods at the warehouse.
3. What documents are required during transportation of goods from warehouse to factory.
If a manufacturer want to setup a warehouse outside the manufacturing facility for storage of input,
1. What is the best approach to ensure legal complaince.Is there any registeration involved with Excise [dealership/ manufacturing or any other]
2. How can CENVAT be availed upon receipt of goods at the warehouse.
3. What documents are required during transportation of goods from warehouse to factory.
Madhukar N Hiregange
(Expert)
22 August 2011
Since cenvat credit is available only on receipt basis, the credit maybe availed proportinately to recived material. It maybe prudent to intimate the revneu that you have an intermeidate goods staorage area and as and when you recive goods from there, you are availing the credit.
Message likes :
1 times
23 August 2011
Thanks for your input...
Does that mean, CENVAT can only be availed at the time of receipt at factory?
Is there any way of availing at the warehouse, since at the time of receipt of the goods, the material will be reflecting in the manufacturer's book of accounts!
Does that mean, CENVAT can only be availed at the time of receipt at factory?
Is there any way of availing at the warehouse, since at the time of receipt of the goods, the material will be reflecting in the manufacturer's book of accounts!
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
