We are manufacture of Transmission Towers and Parts thereof under Central Excise Registration falling CETSH No. 7308.20.11.
We have received the order from PGCIL for supply of Trnasmission Towers and Parts thereof. In order to meet the Targeted dead line of the customer and due to shortage of space of erection of this Galvanised Material at our factory premises, we will therefore be clearing the Galvanised Material (Finished Goods) on payment of duty on transaction Value to the Self as Consingee for Model Assembly and Dismentling process at rented location of our self.
After completion of the Inspection process from the Customer, we will dismentled the same and all Galvanised Material will brought back to our Main Unit for further processing and onward dispatched to the customer on payment of appropriate duty.
Kindly advise on the following matter.
1. Whether we have to clear the Finished Goods on payment of Duty to the self as Consingee ?
2. If yes, then what is the Central Excise Rules ?
3. Can we avail the Cenvat Credit in our Excise Register on the same Invoice after completion of Process?
30 November 2010
Clear goods under 57F4 challans for inspection. At this point of time no duty is required to be paid. Duty is required to be paid at the time of final clearance.
CAclubindia
