Unit transfer from one state to another correct prodecure as
This query is : Resolved
04 June 2015
DEAR EXPERTS,
WE AN EXCISABLE UNIT REGISTERED IN A STATE. NOT WE WANT TO SHIFT OUR COMPLETE UNIT TO IN ANOTHER STATE WITH ENTIRE SAME SET UP I.E. PLANT AND MACHINERY, RAW MATERIAL, SEMI FINISHED GOODS, FINISHED GOODS, TOOLS EQUIPMENT'S ETC ALL SHOWN IN BALANCE SHEET. MY QUESTION IS WHAT WILL BE CORRECT PROCEDURE TO BE FOLLOWED IN TRANSFERRING ALL THE ABOVE MENTIONED ITEMS IN BOTH CENTRAL EXCISE AND VAT.WE HAVE TAKEN A NEW REGN NO IN STATE B, VAT REGN IN STATE B,AMENDED OUT IEC WITH ADDING THAT IN OUR EXISTING IEC,.KINDLY HELP ME OUT IN THIS MATTER.
WE AN EXCISABLE UNIT REGISTERED IN A STATE. NOT WE WANT TO SHIFT OUR COMPLETE UNIT TO IN ANOTHER STATE WITH ENTIRE SAME SET UP I.E. PLANT AND MACHINERY, RAW MATERIAL, SEMI FINISHED GOODS, FINISHED GOODS, TOOLS EQUIPMENT'S ETC ALL SHOWN IN BALANCE SHEET. MY QUESTION IS WHAT WILL BE CORRECT PROCEDURE TO BE FOLLOWED IN TRANSFERRING ALL THE ABOVE MENTIONED ITEMS IN BOTH CENTRAL EXCISE AND VAT.WE HAVE TAKEN A NEW REGN NO IN STATE B, VAT REGN IN STATE B,AMENDED OUT IEC WITH ADDING THAT IN OUR EXISTING IEC,.KINDLY HELP ME OUT IN THIS MATTER.
10 June 2015
You need to take new registration of new premises. After registration you can transfer the all inputs, capital goods and assets from current units to new units along with cenvat credit of the valuation of the goods.
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