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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- Form 121 & TDS deduction
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
