Dear Professionals,
We have a central excise registration in Andhra pradesh and now we are proposing to take another central excise registration in Karnataka for manufacturing activiity for the same company. The machinery available in Andhra pradesh will be shifted to Karnataka after taking the central excise registration.
The original set up in andhra pradesh in 2009 and the machinery is imported under EPCG Scheme with 3% concessional duty with a obligation of export - 8 times of assessable value.
Q1 : While shifting the machinery, whether we need to pay any excise duty or not. if yes what is the assessable value and how much duty to be paid, is there any methodology for assessable value and duty payment.
Q2. Part of the export obligation is fulfilled and rest of the of export obligation will be fulfilled from karnataka branch? is there any issues in the above case....
CAclubindia
