In case of Inter Unit Transfers, is there any change in the Rate of Excise Duty. Suppose Transfer is made from Chennai Unit to Uttarakhand Unit with Excise Duty. How Uttarakhand Unit will avail Credit on such transfer?
Thanks in advance
Menu
Interunit Transfer
Replies (4)
If Uttarakhand unit is not paying exicse duty, it cannot take cenvat credit.
Thank You Sir
Is there any concession in ED Rate, in case of Interunit Transfer?
If Interunit Transfer is from Chennai to Uttarkhand, can there be a situation where Excise Duty not charged in the Invoice.
Thanks in advance
No Deepika, Excise duty is in rem, i.e. on goods. It does not matter it is being cleared to self only, ED shall remain the same.
Recent Threads
- 234 f penalty
- GST REGISTRATION FOR CARPENTER WORK
- Standard deduction for family pensioners
- Concerning tax savings or understanding the long-t
- F&O losses
- Is form 10 IE needed in this case?
- TDS on purchase of property more than 50 lakhs
- Withdrawal from post NSS
- Section 10(11) or 10(12) of exempted income
- New income tax act
Related Threads
CAclubindia
