Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Transfer of Capital Goods by unit covered under Large Tax Payer Unit

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Sir, Our Company is member of Large Tax Payer Unit , New Delhi , having 3 units at different location. In case of transfer of Capital goods from one unit to another unit do we need to pay Excise Duty on such capital goods. Kindly give your valuable opinion. Regards Pradeep Jain - Reply By Ganeshan Kalyani - The Reply = Sir, different location means different registration numbers. Whe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n removed from one factory in my view the Cenvat credit need to be reversed and credit can be availed in the receiving factory. Further i welcome views of my colleague experts. Thanks. - Reply By KASTURI SETHI - The Reply = Sh.Pradeep Jain Ji, There are two case laws on this issue in favour of assessee:- 2014 (305) E.L.T. 476 (Guj.) = 2013 (11) TMI 1031 - GUJARAT HIGH COURT CENTR .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... AL EXCISE, CUSTOMS SERVICE TAX Versus PATEL ALLOYS STEEL P. LTD. 2013 (293) E.L.T. 264 (Tri. - Ahmd.) = 2013 (12) TMI 167 - CESTAT AHMEDABAD PATEL ALLOYS (STEEL) (P) LTD. Versus COMMISSIONER OF C. EX., AHMEDABAD - Reply By Ganeshan Kalyani - The Reply = Excellent reply submitted by Sri Kasturi Sir. It cleared the doubt of the querist in one go. Thanks - Reply By Ra .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... jagopalan Ranganathan - The Reply = Sir, Please go through rule 12Bb of Central Excise Rules, 2002 for detailed procedure for removing credit availed inputs and capital goods from one manufacturing unit to another manufacturing unit of the mermber of LTU - Reply By YAGAY AND SUN - The Reply = Yes, Rule 12BB is the relevant provision in this regard. - Reply By Ganeshan Kalyani - The .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Reply = Enriching knowledge. Thanks experts. - Transfer of Capital Goods by unit covered under Large Tax Payer Unit - Query Started By: - Pradeep Jain Dated:- 29-7-2016 Central Excise - Got 6 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTM .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... I - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates