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Query on stock transfer
Can anyone suggest me that how a stock transfer is to be done to my new warehouse if my business is new and I am doing stock transfer to my new warehouse for the first time, and there is no price prevailing at the warehouse on which stock transfer can be done.
And is there any other way of such kind of transfer except CAS-4?
Replies (2)
You may take support from rule 11 of valuation rules and apply rule 8 i.e. 110% of cost of manufacture
Rule 11 of Valuation rules provides to adopt any reasonable method consistent with the principles and general provisions of said rules and Sec 4(1).
If you could discharge excise duty on the expected selling price from the warehouse with sufficient document to substantiate the claim even that should be accepted.
Other alternative bit more safe is CAS 4 + expected margin
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