CLOSING UNIT PROCEDURE, Central Excise

[SURYAKANT MITHBAVKAR]

We have different unit register under Central Excise , If we require to close on of the unit while surrendering registration to that jurisdiction.

Before surrendering Registration we cleared all finished goods to our customer .

In regards Raw Material in stock on that particular date we transfer excisable goods after charging excise duty to our other unit and also reverse Capital Goods Credit by way of transfer to our other unit after charging cenvat credit availed.

Now our confusion is that non excisable goods stock lying on that closing day can we  transfer the same materials while preparing trading invoice to our other unit .

Posts / Replies

[R.S. Mangal]

The procedure adopted by you is not suggestable. Rather you should simply have transfered the stock of raw material, capital goods m finished goods etc without payment of duty alongwith unutilized cenvat credit to another unit  under Rule 10 of CCR,2004.