25 December 2012
we have an issue regarding closure of a pvt ltd company which is registered under central excise as manufacturer. The company has been dormant since past 6 months having declared stock worth 1 crore, due to the financial crunch we have decided to vacate the rented factory premises, and shift the existing stock to certain storage area.
1.is it necessary to apply for excise registration for the new premises as it comes under different jurisdiction.
2. we are in the urge of closing the company but due to declared stock should we continue with the excise until the stock is dissolved.
16 January 2013
You have registered with excise then filing of return is mandatory. Excise department can impose the general penalty of rs. 5000 if you have not file the return within time limit. You can take the cenvat credit if you have to pay the duty. You can file the return from june 2012 to jan 2013. If you have any query visit on my profile and contact with me.