Stock transfer

This query is : Resolved

Shraddha (Querist)
Follow

05 May 2015 Hello Experts!
Company want to transfer raw material from branch which is in non - excise zone (Surat)to Factory (Ahmedabad)which is in excise zone (we have certificate of excise) . Both are in Gujarat.Let me know excise duty is applicable when we transfer goods from Surat to Ahmedabad and also let me know Form F will required if stock is transfer within state.Plz help.

Tapas Ruparelia

Tapas Ruparelia (Expert)
Follow

06 May 2015 for excise, please clarify if this Raw material is manufactured in Surat premises and what kind of excise exemption is available to the unit.

For VAT, form F shall not b required. U may use form 402 for movement within the state.

Shraddha

Shraddha (Querist)
Follow

07 May 2015 Raw material not manufactured in Surat it was just imported from China. Now we want to use this material at Ahmedabad for manufacturing.At Surat is only trading unit.

Tapas Ruparelia

Tapas Ruparelia (Expert)
Follow

07 May 2015 Excise duty is levied on manufacture. If you have imported goods at your trading unit and you transfer the same goods to another unit, there is no excise duty payable.

Further, if the Surat unit has FSD / importer registration, it can transfer the CVD / SAD (customs duties) paid at the time of import of such goods.
Trust this clarifies.

Best regards,
Tapas

Shraddha

Shraddha (Querist)
Follow

07 May 2015 Thanks for clarification.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now