pls advice we are manufacturer of IT Product there are two branch bangore and mumbai. banglore branch transfer goods mumbai only for buffer stock purpose.
pls advice me whether should raise branch transfer invoice or any other and valuation
13 October 2012
There is a concept of "Depot Transfer" in Central Excise, on which generally Excise duty should not be levied. If that is the case, means if the goods are sent to the depot, then no excise duty to be levied under this transfer. But, if it is a branch tranfer and both the branch have seperate Excise registration no. then in your case B'lore branch can raise the invoice with excise duty, which Mumbai branch can take credit. again am saying both the branch should have seperate Excise reg. no in order to take CENVAT credit.
CAclubindia
