We are a manufacturer having factory in a rented building for which we have central excise RC and filing the returns regullary.
Due to space constrain we have hired one more factory for a temproary basis for one year for production of the machinery.
Kindly let me know the procedure to be followed for the following:
1. Whether shall i keep all the input recrods only in the factory itself and send the goods to the second factory for manufacturing under challan movment, without debit/credit the modvat.
2. Is it permissable for a same company to send the goods on challan basis to another factory which is belong to our company (any restriction is there for sending the job work to another premises of the same company)
3. This arragnemnt only for one year and we are planning to move our own factory within a year.