Shifting of Raw Material to new Location

This query is : Resolved 

09 November 2010 Dear All,

We are shifting our manufacturing plant from one location to other, now we need to shift all our Raw Material, Finished Goods to other location.

How will i do it. Is it by shifting on goods on commercial challan or preparing a invoice and charging duties on it.

rgds

09 November 2010 You will have to clear the goods on an Invoice to the new location ( provided you have sought registration under central excise for the new location)

Since you are not registered as an LTU the only option is transfer by way of Invoice.

You will need to give an undertaking for closure of the existing unit for any future liabilites while surrendering your registration

10 November 2010 Rule 10 of cnevat credit rules provides that the same can be transferred on application being made to the jurisdictional ACCE/DCCE.
Ideally you could get the new premises also registered and then conduct the transfer.
Once shifted then the accounting of the transferred goods can be offerred for scrutiny to jurisdicational officer in writing.


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