An asset is purchased in chennai without ED. In case of Interunit transfer, should ED be charged on this asset?
Thanks in advance
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14477 Points)
Replied 14 October 2009
No if Excise duty not charged at the time of purchase then No ED on Transfer of this Items.
nitin
(article)
(27 Points)
Replied 16 October 2009
in this case
na to asset purchase krne par exise duty pay ki gayi h
nd
na hi inter unit transfer se pehle
asset pe koi aisi process ki gai h jisey manufacture kaha ja skey
so dear , no exicise duty liability arises here.
CAclubindia
