03 February 2010
under excise law stock transfer form factory to the depot consider as deemed sale...... can anyone please explain whiy with provisions......
11 February 2010
In excise, premises is important. A premise is registered as a person. That is why if you have two premises, two registration. Transfer to one premise to other, is transfer of possession from one premise to other. Excise act defined sale as 'transfer of possession" in Section 2(h) of Central Excise Act.
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