02 October 2013
I NEED A ADVICE ON CENTRAL EXCISE RULE.
I HAVE ONE SMALL MANUFACTURING UNIT IN KOLKATA HAVING TURNOVER OF 5 CROES AND EXICE REGISTERED . I HAVE SET UP A NEW BIGGER FACTORY 40 KM FAR FROM EXISTING UNIT.
I HAVE ALREADY TAKEN REGISTRATION OF NEW FACTORY. FEW MACHINE HAVE ALSO BEEN PURCHASED AT THE NEW FACTORY.
I WANT TO SHIFT MACHINE, RAW MATERIAL, GOODS IN PROCESS AND FINISHED GOODS FROM THE OLD FACTORY TO THE NEW UNIT.
SHOULD I HAVE TO PAY EXCISE DUTY ON ALL THE ITEMS TO BE SHIFTED FROM OLD UNIT.OR ALL THE ITEMS CAN BE SENT TO NEW UNIT WITHOUT PAYING ANY EXICE DUTY(REMOVED AS SUCH)
PLEASE CLARIFY THE PROCEDURE. DO I HAVE TAKE PERMISSION FROM AC OF OLD UNIT OR SIMPLE LETTER OF INFORMATION WILL DO.
10 October 2013
SSI exemption available to all unit upto 1.5cr. Your turnover is below 1.5cr then no need to pay excise duty. You can shift the all input and capital goods on transfer challan.
11 October 2013
OUR TURNOVER IS MORE THAN 5 CRORES. WE ARE EXICE REGISTERED. REGISTRATION FOR NEW UNIT HAS BEEN TAKEN . DO I HAVE TAKE PERMISSION FOR AC OF EXICE OFFICE OF UNIT 1.
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