We are manufacturer having two manufacturing units in mumbai and gujarat. We are planning to transfer coated rolls to our depo for slitting and selling to our customers. In regards to this, can anyone tell what would excise and vat implications in this regard. Whether is it allowed as per excise law?
11 January 2017
But what about at the time of dispatch of finished goods from depo to various customers. Excise and VAT are applicable on it at the time supply to the customers from depo/branch. Kindly guide.
11 January 2017
VAT or CST, as the case may be, is applicable on sale from Depot/Branch. Excise duty not required to be paid again. The valuation issue may arise if price charged from customer is not matching with the price on which excise duty is paid plus post clearance cost.
CAclubindia
