Excise duty liability on transfer of all capital goods to a new factory place, Central Excise

[Bhairob Chandra Bor]

Dear Sir,

We need to shift all plant and machinery & other capital goods to our new factory building . We already have the excise registration number for that plant. kindly advice the legal procedures to be full fill under the excise & service tax law. Also advice how the excise duty will be paid and claim at the new factory. though it's a same company. Are there any law for the transferring of all capital assets as it is without paying any excise duty. Is there any sales tax liability? No separate books of account are maintained but we maintain separate registers and ledger accounts for excise duty, cess, higher e.cess etc. kindly advice.

Thanks & Regards,

BCB

Posts / Replies

[Pradeep Khatri]

Dear  Bhairob,

Please check Rule 10A of CENVAT credit Rules, 2004 in this regard.

Regards,

Team

YAGAY & SUN

(Indirect Taxation Consultants)