Modvat
This query is : Resolved
31 January 2013
A LTD is manufacturing company and has excise registered godown at variuos places. I have following query
1. Can A LTD transfere goods from factory to Excise registered godown without paying Excise ?
2. What is the process to sell from this godown to customer under Modvat billing ?
3. are there any documetns or return filling requried from this godown
1. Can A LTD transfere goods from factory to Excise registered godown without paying Excise ?
2. What is the process to sell from this godown to customer under Modvat billing ?
3. are there any documetns or return filling requried from this godown
31 January 2013
Dear friend, the excise duty is payable at the time of sale. Since sale took place at godowns of the company , then the invoice will be prepared at the time of sale from godowns. The transportaion cost from factory to godowns will be included in the cost of materials sold.you can use centralized billings and this is stock transfer from factory to godown and this is allowed. Thanks
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 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
