FINISHED GOODS TO BE KEPT AS STOCK IN OUR OTHER REGISTERED SISTER CONCERN

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..... FINISHED GOODS TO BE KEPT AS STOCK IN OUR OTHER REGISTERED SISTER CONCERN
Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 16-12-2010 Last Reply Date:- 16-12-2010 Central Excise
Got 2 Replies
Central Excise
Due to non availability space in one unit can we keep final product to our other registered unit as storage.if yes how to clear that product and waht type of record we hav .....

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..... e to maintain. Whether any permission require? Reply By Mangesh Lokre: The Reply: Yes, you can store the FG to other register Premises Please refer Rule 4 (4) of Central Excise Rules 2002 .............. (4) Notwithstanding anything contained in sub-rule (1), Commissioner may, in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premis .....

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..... es of the manufacturer where the goods are made, permit a manufacturer to store his goods in any other place outside such premises, without payment of duty subject to such conditions as he may specify .................... You have to seek the permission from the Jurisdictional Commissioner of Central Excise & Custom and have to fulfill the conditions specified thereon. Reply By Mangesh Lokre: Th .....

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..... e Reply: Yes, you can store the FG to other register Premises Please refer Rule 4 (4) of Central Excise Rules 2002 .............. (4) Notwithstanding anything contained in sub-rule (1), Commissioner may, in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premises of the manufacturer where the goods are made, permit a manufacturer to .....

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..... store his goods in any other place outside such premises, without payment of duty subject to such conditions as he may specify .................... You have to seek the permission from the Jurisdictional Commissioner of Central Excise & Custom and have to fulfill the conditions specified thereon.
Discussion Forum - Knowledge Sharing .....

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