banner_ad

STOCK TRANSFER.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 June 2009 Dear Sir,Madam,
We have two units. All are registered with Central Excise. We have purchase 100M.T of raw material in Unit-I. We have take the cenvat credit in Unit-I also. But after some time later we have despatched the 100 M.T of Raw material to out Unit-II. When send to Unit-II we have prepared Invoice and pay same duty which we have taken in Unit-I.
Now my question is wheather this procedure is OK.
With regards,
R.Dutta
Profile Image

Sanjeev Jain

Profile Image

Sanjeev Jain (Expert)
27 June 2009 See as far as Excise law is concern it gets attracted as soon as goods are removed from the factory. The procedure is perfectly correct and you can take the benefit of tax paid by unit 1 n unit 2 when goods are further removed from the factory bt there is one alternative route as well which require presence of Excise officer which will definetly not a sound practice to follow.

Your action is goody good hai.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details