17 December 2011
What is the procedure for removal of Excise able goods from factory to a depot of the same company which is not registered under central excise.
18 December 2011
depot of the company if he owns the same, must have to be registered,
otherwise he can remove goods on invoice, but he can not pass the excise benefit to next buyer as he would not be in position to issue excise invoice for same goods removed to his unregistered godown.
valuation rules also apply, as he has to clear the goods on paying duty at maximum rate on which he intend to sell the goods to his buyer.
18 December 2011
We will not pass on Excise Duty to buyer from our Depot. we want to know the procedure for removal from factory to depot, invoicing from our factory and valuation of goods to be transfered to depot.
CAclubindia
