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Rate of Duty Effect on Stock transfer

Central Excise - Started By: - Vivek anandhan - Dated:- 17-2-2016 Last Replied Date:- 19-2-2016 - Dear Experts We are Stock transferring our manufactured goods to other state (Selling Point / Godown) on duty payment at present rate of duty and selling to end customer from stock point. What is the impact of duty rate in case of increase or decrease in Budget for stock available at our stock point.RegardsVivekanandhan - Reply By Rajagopalan Ranganathan - The Reply = Sir,Rate of duty and valuation .....

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f dispatch of the goods from the factory will be applicable. If the goods manufactured before the before Budget and if at all the duty rate changes the new rate will become applicable. - Reply By Ganeshan Kalyani - The Reply = Further if you remove the goods from factory by paying excise duty and the goods are lying at the selling point/godown then there is no impact on the goods lying at later place with the change in excise duty rate in the Budget as duty is already been paid. - Reply By Mahir .....

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ot.The goods shall be cleared at the duty rate prevalent on the date of its clearance from the depot, irrespective of its duty rate at the time of its clearance from factory gate. - Reply By KASTURI SETHI - The Reply = Dear all Experts, Sh.Vivek Anandhan has ignited an issue which is interesting and thought provoking. In order to ascertain whether there is any impact of increase or decrease of rate of Central Excise duty on Budget day on the excisable goods stock-transferred to selling point/dep .....

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0.In the subject case, the place of removal is depot/selling point. Hence the rate of duty in force on the date of clearance from the depot would be applicable on the stock-transferred goods. In view of the above, I am of the view that there would be impact of rate of duty whether increased or decreased on Budget Day on the stock transferred goods. Hence I fully agree with Sh.Mahir S, Sir. At the same time I request Sh.Ganeshan Kalyani, Sir and Sh.Rajagopalan Ranganathan, Sir to throw more light .....

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time of removal , in respect of the excisable goods removed from the place of removal referred to in sub-clause (iii) of clause (c) shall be deemed to be the time at which such goods are cleared from the factory. In other words, in case of sale from selling point/Depot duty will be payable on the price prevailing at selling point/Depot as on date of removal from factory. Price at which goods cleared to selling point/Depot are subsequently sold from selling point/Depot is not relevant for purpose .....

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ssessee at the time and place of removal but are transferred to a dept, premises of a consignment agent or any other place or premises (hereinafter to as such other place ) from where the excisable goods are to be sold after their clearance from the place of removal and where the assessee and the buyer of the said goods are not related and the price is the sole consideration for the sale, the value shall be the normal transaction value of such goods sold from such other place at or about the sam .....

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