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Inter unit transfer

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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)
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

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

 

 

Harender sir thank you so much for correcting my mistake. Please update yourmail ID for further response. Regards Kumar


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