Modvat

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ishvar (Querist)
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31 January 2013 A LTD is manufacturing company and has excise registered godown at variuos places. I have following query
1. Can A LTD transfere goods from factory to Excise registered godown without paying Excise ?
2. What is the process to sell from this godown to customer under Modvat billing ?
3. are there any documetns or return filling requried from this godown

CS, Deepak Pratap Singh

CS, Deepak Pratap Singh (Expert)
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31 January 2013 Dear friend, the excise duty is payable at the time of sale. Since sale took place at godowns of the company , then the invoice will be prepared at the time of sale from godowns. The transportaion cost from factory to godowns will be included in the cost of materials sold.you can use centralized billings and this is stock transfer from factory to godown and this is allowed. Thanks