09 April 2016
Our manufacturing company based in Baroda, Gujarat . This unit will be closed down and transferred all stock and Capital items machinery will be transferred to Andhra Pradesh. In this there is no sale. Its only branch transfer. My question is while removing stock & capital items from the Baroda, is there any implication in Excise ? Excise duty is payable or not ? and is there reversal of cenvat credit on input capital goods and raw material ?
CAclubindia
