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Change in constitution

Rahul Mehta (PROP) (35 Points)

21 April 2011

what is the procedure for changing a constitution of an excise dealer from prop to partnership

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5 Replies

Pankaj Arora (Learner) (3134 Points)
Replied 21 April 2011

In partnership firm of course your PAN will change so first pay your excise duty liability till now and go for excise assessment as soon as assessment complete surrender your central excise no. and obtain new central excise no. which will be base on your new PAN of partnership firm..

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Rahul Mehta (PROP) (35 Points)
Replied 21 April 2011

I am a dealer and not a manufacturer, will i have to still surrender my licence..cant there be a amendment in certificate...thnx

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 21 April 2011

Originally posted by : Rahul Mehta
	what is the procedure for changing a constitution of an excise dealer from prop to partnership

proprietorship to partnership is a process of transition, where u have to change the records from every department,

where the licnece/ registration is PAN based, u have to surrender the old number / registration and apply for new registration on the strength of NEW PAN in name of partnership firm.

u dont have to wait for assessment etc, they will do the cancellation and new registration in one go, as the establishment is not shuttered down but only constitution is changed.

Jamshedpur (Business) (23 Points)
Replied 07 August 2011

You are not mention about closing stock of Proprietorship firm.

Can new partnership firm takeover stock of prop ship firm

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 11 August 2011

Option 1) R/O will allow you to take the old stock in new registration Option 2) You have to issue invoice from old regn to new regn for stock in hand prefered option 1.