Inter unit Transfer

[RAM SHARMA]

Dear Experts,

We are registered manufacturer in central excise. We are produced different type of product in our one plant and another plant. We want to transfer some product to another plant. What will be the excise formalaty in this regard, secondly can we take cenvat credit on this product in another plant.

Thanks

AI Summary

Manufacturer Seeks Guidance on Excise Duties for Inter-Plant Transfers; Rule 8 Valuation and CENVAT Credit Explained A manufacturer registered under central excise seeks guidance on transferring products between plants and the applicable excise formalities. Experts clarify that if inputs are transferred, excise duty must be paid, and CENVAT credit can be availed at the receiving plant. For finished goods, excise duty is payable, but no CENVAT credit is available. If goods are semi-finished, CENVAT credit can be availed. Rule 8 dictates valuation for inter-unit transfers used in further manufacturing. The discussion also covers the transfer of CENVAT credit between units, which is restricted unless under a 'Large Taxpayer Unit.'