Rented out of portion of Registered premises

[narendra arora]

Respected Sir,

 

We are manufacturer and our factory premises is registered with Excise Department. Now, we wish to rent out some of portion of the said premises to other.

Please advise, can we rent out some portion . If, yes please let me know the procedure or formalities.

Thank

Narendra 

AI Summary

Manufacturer Can Rent Out Factory Space by Amending Excise Registration for Independent Units A manufacturer with a factory registered under the Excise Department inquired about renting out a portion of their premises. They sought advice on the possibility and required procedures. A Chartered Accountant responded, explaining that if the premises have been divided into independent units, the registration certificate can be amended to specify the area being used for manufacturing. This amendment would allow the remaining part to be rented out.