Inter unit transfer

1217 views 3 replies

Ram kr.

Buisness

883 Points Joined November 2008

Dear Experts,

We are registered manufacturer in central excise. We are produced different type of product in our one plant and another plant. We want to transfer some product to another plant. What will be the excise formalaty in this regard, secondly can we take cenvat credit on this product in another plant.

Thanks

Replies (3)

kumar hattanna

Officer - Excise

525 Points Joined July 2013

Dear Sir, You need to transfer the stock paying duty equivalent the transaction value, it both units are register under center excise in different registration. You can cenvat credit once pay by one unit and take credit in different unit. Regards Kumar

Harendra Kumar

Tax Advisor

1326 Points Joined July 2011

Sir,

In my view that you can transferred the stock to another unit.

01. Caclauated 10% excess assessable value and after charged the Excise Duty 12.36 % on assessable value

i.e. value Rs. 100.00 in your factory premises and 10 % Inter Unit transaction value. so that value calculated Rs. 110.00 and after excise duty charged 12.36%.

and you passed the material on Stock Transfer Inoice and also taken Cenvat Credit said or various invoices.

Thanking you