Trading activities

[ASHOK AMIN]

We are in manufacturing of chemicals and hold central excise registration. We also undertake trading activities in chemicals. We are in short of space for trading activities, so we are planning to shift trading in our manufacturing premises where we have ample space, with proper separate entrance and documentation. The trading activities will not be under excise. Kindly guide us in this matter and suggest a remedy with proper and valid answer.

AI Summary

Chemical manufacturer considers moving trading activities to manufacturing site; seeks guidance on excise registration amendment, documentation, and permissions. A chemical manufacturing company, holding central excise registration, seeks guidance on shifting its trading activities to its manufacturing premises due to space constraints. The trading activities will not be subject to excise. An advisor suggests amending the existing excise registration to allocate space for trading, ensuring separate entry and proper documentation. The company queries whether permission from the Commissioner of Central Excise is needed. Responses indicate that while formal permission may not be mandatory, notifying authorities and maintaining separate documentation is advisable. Concerns about trading identical goods in manufacturing premises without permission are discussed, with differing views on the necessity of formal approval.