How we can transfer goods from one unit to another unit with same Excise registration number mean XM001 to XM002
Lalit Bhatia (Accountant) (24 Points)
09 July 2011How we can transfer goods from one unit to another unit with same Excise registration number mean XM001 to XM002
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 09 July 2011
Any removal from the factory premises should be by excise challan only. So raise excise Invoice, pay the duty and remove the goods.
Regards
Dayananda
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 09 July 2011
removal can be done with
1) on invoice after paying duty .......receiving unit can take cenvat credit
2) on job work challan ( without paying duty), but in such case the goods has to be returned to parent unit within 180 days.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961