Hi Friends ,
Any one can help me for providing the details and excise Rules for a manufacturing Unit of a private company on closing the business and what statutory provision are required to be followed
anand
akanand21 @ hotmail.com
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Excise provision and Liability while selling the unit
Replies (1)
file the returns> apply for close and surrender of RC to Range Officer> R/O may depute an officer to assess the stock in hand and duty applicable thereon, if short found in credit account , R/O will ask u to deposit the same> R/O will issue necessary instructions for safeguard of revenue> on complience R/O will cancel the R/C> pre audit may be imposed in case of revenue payment over 1 cr / yr.
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