Transfer the capital goods materiel to our other unit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2015
Dear Sir / Madam ,
i have one question for all ?
We had purchase bearing qty-11 No's under Tariff Code-84823000 & we had 50 % Cenvat credit availed & utilized on 31/07/2015 of Rs- 1655/- & balance 50% to be availed & utilized of Rs-1655/-on next FY 15-16 . Now our company decide that out of 11 no's of bearing 4 no's of bearing transfer to our other unit and think is that both the unit excise registration come's under same range .
Now we are doing the reverse the excise duty Proportioned basis & raise the Excise invoice for transfer the materiel
Please suggest what should we do in this regards .
Thanks in advance
B/R
Digjoy
i have one question for all ?
We had purchase bearing qty-11 No's under Tariff Code-84823000 & we had 50 % Cenvat credit availed & utilized on 31/07/2015 of Rs- 1655/- & balance 50% to be availed & utilized of Rs-1655/-on next FY 15-16 . Now our company decide that out of 11 no's of bearing 4 no's of bearing transfer to our other unit and think is that both the unit excise registration come's under same range .
Now we are doing the reverse the excise duty Proportioned basis & raise the Excise invoice for transfer the materiel
Please suggest what should we do in this regards .
Thanks in advance
B/R
Digjoy
25 August 2015
Yes, reversed the cenvat credit on the proporsanate basis and transfer the capital goods along with cenvat credit.
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