excise Transfer Exempted To Excise

[Asked by Guest]

Dear sir,

2 Item Mfg Goods Biomass Gasifier and Coal Gasifier

1 item Exempted (Biomass Gasifier)

2 Item Excises Goods ( Coal Gasifier)

Biomass Gasifier Complete MFG Goods and Coal Gasifier Not Complete

Can Use the Material for Biomass Gasifier To Coal Gasifier

Sir Possible Internal stock transfer of the Exmeted (W/H To W/H Excise)

Please

AI Summary

Excise credit transfer allowed when inputs for exempt goods are moved to dutiable product retaining essential characteristics.
Inputs used in manufacture of an exempt biomass gasifier do not qualify for excise credit when used for the exempt product; however, if those inputs are capable of being used for manufacture of a dutiable coal gasifier they may be transferred to the input account for the coal gasifier and the duty paid on such inputs can be availed as credit. An internal transfer mechanism between input accounts/stock should be used and appropriate job work/register records maintained.