24 August 2015
Dear Sir / Madam , i have one question for all ?
We had purchase bearing qty-11 No's under Tariff Code-84823000 & we had 50 % Cenvat credit availed & utilized on 31/07/2015 of Rs- 1655/- & balance 50% to be availed & utilized of Rs-1655/-on next FY 15-16 . Now our company decide that out of 11 no's of bearing 4 no's of bearing transfer to our other unit and think is that both the unit excise registration come's under same range . Now we are doing the reverse the excise duty Proportioned basis & raise the Excise invoice for transfer the materiel
Please suggest what should we do in this regards .