in finished goods are transferred from unit a to unit b in another state...and then they are sold from that state...will excise credit will be allowed in unit a..or it will have to be reversed and allowed in unit b?
3 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 12 July 2015
If goods are transferred (say to a branch) from one place to another via stock transfer (even interstate), then the consignor is required to charge ED on such stock transfer. There is no need for the consignee (branch) to charge ED on such items when sold thru the branch. Branch has to furnish form F to the HO.
Aditya
(Student)
(61 Points)
Replied 13 July 2015
but will the input credit on excise be given to consignor or consignee?
Niraj Kumar Sinha
(Sr. Officer, SPSIL)
(648 Points)
Replied 27 July 2015
If unit b is registered as dealer in Excise then he can pass on Cenvat to the consignee. Other wise not.
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