Extended factory for storage (rule 8)
This query is : Resolved
22 August 2011
Hello,
If a manufacturer want to setup a warehouse outside the manufacturing facility for storage of input,
1. What is the best approach to ensure legal complaince.Is there any registeration involved with Excise [dealership/ manufacturing or any other]
2. How can CENVAT be availed upon receipt of goods at the warehouse.
3. What documents are required during transportation of goods from warehouse to factory.
If a manufacturer want to setup a warehouse outside the manufacturing facility for storage of input,
1. What is the best approach to ensure legal complaince.Is there any registeration involved with Excise [dealership/ manufacturing or any other]
2. How can CENVAT be availed upon receipt of goods at the warehouse.
3. What documents are required during transportation of goods from warehouse to factory.
22 August 2011
Since cenvat credit is available only on receipt basis, the credit maybe availed proportinately to recived material. It maybe prudent to intimate the revneu that you have an intermeidate goods staorage area and as and when you recive goods from there, you are availing the credit.
Message likes :
1 times
23 August 2011
Thanks for your input...
Does that mean, CENVAT can only be availed at the time of receipt at factory?
Is there any way of availing at the warehouse, since at the time of receipt of the goods, the material will be reflecting in the manufacturer's book of accounts!
Does that mean, CENVAT can only be availed at the time of receipt at factory?
Is there any way of availing at the warehouse, since at the time of receipt of the goods, the material will be reflecting in the manufacturer's book of accounts!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Confusion around Form 26QB fields
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
