Storage of Finished Goods out side the factory
This query is : Resolved
15 February 2010
Dear sir
I want to ask the procedure if we don't have sufficient place in our manufacturing unit and approach for a storage space out side the unit. What is the procedure of that :-
1 . whether we can take permission from Deputy commissiner or Commissioner .
2. Whether we have to pay duty at the time of removel of excisable goods to the storage space .
3. From where our invoice will be executed either from parent manufacturing unit or from warehouse earlier called storage palce .
4. When we will have to pay ecise duty on our final product i.e. at the time of removal from factory or from warehouse .
Please advice me
Thaks & regards
Munesh Verma
I want to ask the procedure if we don't have sufficient place in our manufacturing unit and approach for a storage space out side the unit. What is the procedure of that :-
1 . whether we can take permission from Deputy commissiner or Commissioner .
2. Whether we have to pay duty at the time of removel of excisable goods to the storage space .
3. From where our invoice will be executed either from parent manufacturing unit or from warehouse earlier called storage palce .
4. When we will have to pay ecise duty on our final product i.e. at the time of removal from factory or from warehouse .
Please advice me
Thaks & regards
Munesh Verma
14 April 2010
Please refer the following rule-4, C.Ex. Rules 2002.
4)Notwithstanding anything contained in sub-rule (1), Commissioner may, in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premises of the manufacturer where the goods are made, permit a manufacturer to store his goods in any other place outside such premises, without payment of duty subject to such conditions as he may specify.
4)Notwithstanding anything contained in sub-rule (1), Commissioner may, in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premises of the manufacturer where the goods are made, permit a manufacturer to store his goods in any other place outside such premises, without payment of duty subject to such conditions as he may specify.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
