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Transfer of cenvate amount from one unit to another unit

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This query is : Resolved

Vipin Kumar Sharma (Querist)

09 February 2013 DEAR SIR

WE ARE MANUFACURING CO. WITH THE NAME OF NORTHERN TOOLS & GAUGES PVT LTD AS PARENTS CO. WITH PAN NO. AAACN8949E. WE HAVE TWO DIVISION WITH THE NAME OF

1) PYN PRECISION COMPONENTS (FARIDABAD)
ADIVN OF NORTHERN TOOLS & GAUGES PVT LTD ECC CODE NO AAACN8949EXM001

2)PYN PRECISION ENGINEERING (PUNE)
A DIVN OF NORTHERN TOOLS & GAUGES PVT LTD
ECC CODE NO. AAACN8949EXM002

PARENTS CO. NORTHERN TOOLS & GAUGES PVT LTD IS NOT REGISTERD IN EXCISE. BUT THE PAN NO OF ALL UNITS IS SAME

WE WANT TO TANSFER CENVATE AMOUNT FROM PUNE UNIT TO FARIDABAD, IN CASE OF CHANGE OF OWNERSHIP. HOW CAN WE DO PLZ SUGGEST,

THANKS & REGARDS

Arun Kumar Singh

Arun Kumar Singh (Expert)

10 February 2013 Budget, 2012 has brought a facility of transferring Cenvat Credit for the manufacturer having more than one registered premises. Notification No. 18/2012-Central Excise(N.T.) dated 16.3.2012 has been issued in this regard which is effective from 1.4.2012.

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