TMI BlogExcise goods time of removalX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All, While raising excise invoice for remvoval of excisable goods, within how much time this goods to be removed from the factory? Expecting Your valuable reply Thanks in advacne Venkat - Reply By Rajagopalan Ranganathan - The Reply = Sir, If you raised an invoice dated 19.4.2016, the goods should be removed on or before 24 hrs. of the date of invoice. If you remove the goods thereaf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ter, then your invoice date has to be changed which is not permissible under various statutes. This is my understanding. - Reply By MADAN RAHEJA - The Reply = Dear Sir, While agreeing with views expressed by Sh. Ranganathan Sir, I would like to add that time of removal on invoice should be mentioned only when goods are being actually removed. - Reply By KASTURI SETHI - The Reply = Sh.Venkat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Eswaran Ji, I think in the era of advancement in information technology /computerisation 'the period of 24 hrs' has lost its relevance. I shall feel obliged if Sh.Ranganathan Sir can mention any rule/circular/notification in this context and which is in force at present. - Reply By surya narayana - The Reply = Dear Friend, While concurring with the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... views expressed by the learned friends, I wish to state Generally, the invoice contains in addition to other columns Date of Invoice and Time of Invoice Date of Removal and Time of Removal As per the general practice prevailing in the industry the assessees ensure clearing the goods within 24 hours of the date and time of invoice. According to me, there is no such express provision ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndating such clearance with 24 hours is not there under the Act or Rules. When there are separate dates for preparation of invoice and removal of goods, the age old mandate of 24 hours is not really having any relevance in the present era. Hence, I feel, in case of any specific reason even if an assessee is unable to clear the goods within 24 hours of the date and time of preparation , he can c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lear the goods subsequently by putting the date and time of actual removal of the goods from the factory. However, in order to comply with other requirements like monthly payment, inclusion of details of Return etc, it is advisable that the invoice raised on a particular date and goods removed subsequently, the removal should be completed within that month itself. Best regards Suryanarayana - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By KASTURI SETHI - The Reply = Sh.Surya Narayana Ji, Sir, Thanks for your detailed reply. You have echoed my views. I was thinking on same lines. - Reply By Ganeshan Kalyani - The Reply = Sir I should thank to querist and all the experts to have shared there views. The discussion was too interesting especially when experts cross questions among themselves. Sometimes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the experts raises questions which the querist would like to ask but may hesitate. Such a healthy discussion thanks. - Excise goods time of removal - Query Started By: - venkat eswaran Dated:- 19-4-2016 Central Excise - Got 6 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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