Stock transfer
This query is : Resolved
05 May 2015
Hello Experts!
Company want to transfer raw material from branch which is in non - excise zone (Surat)to Factory (Ahmedabad)which is in excise zone (we have certificate of excise) . Both are in Gujarat.Let me know excise duty is applicable when we transfer goods from Surat to Ahmedabad and also let me know Form F will required if stock is transfer within state.Plz help.
Company want to transfer raw material from branch which is in non - excise zone (Surat)to Factory (Ahmedabad)which is in excise zone (we have certificate of excise) . Both are in Gujarat.Let me know excise duty is applicable when we transfer goods from Surat to Ahmedabad and also let me know Form F will required if stock is transfer within state.Plz help.
06 May 2015
for excise, please clarify if this Raw material is manufactured in Surat premises and what kind of excise exemption is available to the unit.
For VAT, form F shall not b required. U may use form 402 for movement within the state.
For VAT, form F shall not b required. U may use form 402 for movement within the state.
07 May 2015
Raw material not manufactured in Surat it was just imported from China. Now we want to use this material at Ahmedabad for manufacturing.At Surat is only trading unit.
07 May 2015
Excise duty is levied on manufacture. If you have imported goods at your trading unit and you transfer the same goods to another unit, there is no excise duty payable.
Further, if the Surat unit has FSD / importer registration, it can transfer the CVD / SAD (customs duties) paid at the time of import of such goods.
Trust this clarifies.
Best regards,
Tapas
Further, if the Surat unit has FSD / importer registration, it can transfer the CVD / SAD (customs duties) paid at the time of import of such goods.
Trust this clarifies.
Best regards,
Tapas
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
