CLOSING UNIT PROCEDURE

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..... CLOSING UNIT PROCEDURE
Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 16-4-2011 Last Reply Date:- 30-5-2011 Central Excise
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Central Excise
We have different unit reg .....

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..... ister 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 .....

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..... . 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 ot .....

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..... her 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 .....

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..... other unit . Reply By R.S. Mangal: The Reply: 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 .....

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..... without payment of duty alongwith unutilized cenvat credit to another unit under Rule 10 of CCR,2004.
Discussion Forum - Knowledge Sharing .....

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