Hire purchase

Thanks for the query Manish,
Stock transfer is relevant in Excise laws, Customs and Sales tax laws because godown should be a place whose information should be with the respective authorities, for eg. say a sales tax officer wants to verify

* the stock its value and reconcile with data available with him as filed by the assessee, then he must have the updated details of stock location, also if say I have one godown in Jaipur another in Delhi and I transfer from in between these two than in this case tax will be payable to different states for which declaration forma are used and attached to the vehicle transporting with a copy sent to dept. for its data updation so that they can claim proper tax from the assessee.
Simply, its for information and declaration purposes only with relevant tax implications.
Accounting entries will be,
In transferor, Transferee branch Dr.
To Stock account
In transferor,
Stock Account Dr.
To Transferee Branch

In total normal entries will be passed as if stocks are transfered from one person to us.

Hope concept it a little clearer to you, accounting entries are really not big issue I believe, if any issue is hurdling you please revert,
Thanks
Abhimanyu