Excise

644 views 4 replies

Rekah

accountant

25 Points Joined May 2012

Dear Sir,

We have converted propritership to private limited company. In veiw of excise what procedure to follow for stock & plant & machinery transfer to private limited company. PAN is different so we have applied for new excise regisration.

Replies (4)

kumar hattanna

Officer - Excise

525 Points Joined July 2013

Dear Rekha

1. You need to get PAN no in name of PVt ltd Only.

2. When you come to Excise matter, there is SSI Exemption limit till 1.50 lacks, Once you reach 90 lacks you need to give declaration to excise authourtiy.

3. There is a option to avail SSI Exemption.

4. Please refere www.CBEC.gov.in for excise matter.

5. Kindly go through the Notification no. 8/2003 and 9/2003 for SSI exemption and Option.

Regards

Kumar

Arun Kumar Singh

GST Advocate

15220 Points Joined January 2009

Yes, you need to apply for new registration and transfer the all goods in the name of new unit.

Rekah

accountant

25 Points Joined May 2012

Thanks for your reply, I want to know that is excise duty payable on stock & Machinery for change in constitution? whether place & other things remain same.

Mukund

service

21 Points Joined March 2014

Sir, I am the custodian of different raw materials received in Raw material yard by railway and by road receipt.I am seeking advice for , which records I must keep/ maintained in accordance with central excise department.Please advice me.