changing of constitution

[MEHUL ASHAR]

Respected Sir,

As regarding above subject,one of my clients wants 2 change his constitution of business he wants convert a partnership firm into proprietory concern then what procedure we have to do to inform the excise department and what we have to do with the remaining cenvat and excisable stock.

Please reply.

[DR.MARIAPPAN GOVINDARAJAN]

Whenever there is change in the constitution the same has been intimated to the Department and corrected which can be done online now. The credit available at the time of transfer may be utilized, in my view, by the new business proprietary concern.

[MEHUL ASHAR]

THANK U SIR 4 GUIDING ME IN THIS MATTER

AI Summary

Client Seeks Guidance on Transitioning from Partnership to Proprietorship; Excise Department Notification and CENVAT Credit Explained. A client intends to change their business structure from a partnership firm to a proprietorship and seeks guidance on notifying the excise department and handling remaining CENVAT and excisable stock. An expert advises that any change in business constitution should be reported to the department, which can now be done online. The available credit at the time of transfer may be used by the new proprietorship. The client expresses gratitude for the guidance received.