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
Deeps (Article Assisstant) (2485 Points)
12 October 2009In 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
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 12 October 2009
If Uttarakhand unit is not paying exicse duty, it cannot take cenvat credit.
Deeps
(Article Assisstant)
(2485 Points)
Replied 12 October 2009
Thank You Sir
Is there any concession in ED Rate, in case of Interunit Transfer?
Deeps
(Article Assisstant)
(2485 Points)
Replied 12 October 2009
If Interunit Transfer is from Chennai to Uttarkhand, can there be a situation where Excise Duty not charged in the Invoice.
Thanks in advance
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 12 October 2009
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.
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