CA. BIJENDER KR. BANSAL (ACA, B.COM) (8148 Points)
22 June 2009
| DEAR ALL, A MANFACUTIRNG COMPANY PRODUCING EXCISABLE PRODUCTS, WANT TO TAKE A GODOWN IN SAME CITY FOR DISPATCH FINISHED GOODS TO PARTY FROM THERE. WHAT ARE THE PROCEDURE FOR TAKEN THIS GODOWN? WHETHER BILLING IS TO MADE FROM GODOWN TO PARTY OR DIRECTLY FROM COMPANY? PLEASE FEEDBACK THE QUERY. THANKS & REGARDS CA. B.K.BANSAL |
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SAM KOSHY
(150 Points)
Replied 22 June 2009
CA. BIJENDER KR. BANSAL
(ACA, B.COM)
(8148 Points)
Replied 22 June 2009
Dear Sam,
You have provided two options.
Whether it is possible to billing direct from company i.e 1st option under Excise Act.
Please give details of Excise rules and specify the records which are to be maintain under excise in both option.
BANSAL
satya
(Executive Excise)
(1839 Points)
Replied 31 March 2011
CA Saiyum khan
(Practicing CA)
(690 Points)
Replied 31 March 2011
| Originally posted by : CA. BIJENDER KR. BANSAL | ||
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DEAR ALL, A MANFACUTIRNG COMPANY PRODUCING EXCISABLE PRODUCTS, WANT TO TAKE A GODOWN IN SAME CITY FOR DISPATCH FINISHED GOODS TO PARTY FROM THERE. WHAT ARE THE PROCEDURE FOR TAKEN THIS GODOWN? WHETHER BILLING IS TO MADE FROM GODOWN TO PARTY OR DIRECTLY FROM COMPANY? PLEASE FEEDBACK THE QUERY. THANKS & REGARDS CA. B.K.BANSAL |
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Following procedures to be followed.
Intimate the range office regarding the intention of Depot.
Clear the goods from the factory premises to Godown on self invoice suffixing word depot to the name of company. Excise Invoice should be raised..
Clear the goods from depot to party on commercial invoice.
Pay differential duty and interest if applicable. i.e month has changed from the transfer to depot to clearance from the depot.
CAclubindia
