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Excise on consingnment stock trf

This query is : Resolved 

26 April 2013 Dear Sir,

Excise is applicable on consignment stock transfer or not. As one company is ABCD (depot) & another is WXYZ. ABCD (depot) receive stock trf from his related name ABCD, pune, cuttak, jammu etc ( manufacturer units ). This condition excise is not applicable on stock trf bill. But then WXYZ which name is a different from ABCD. Transfer stock to ABCD on consignment based. Then excise will applicable on it or not?

Regard,

Rahul Kumar Mehra

04 May 2013 Excise duty will be applicable on stock transfer also. If goods will be removed from factory gate then duty will be payable.



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