Storage of inputs imported duty free under Advance authorisation out side factory premises.
Dear Expert,
Please let us suggest procedure and Rule under which we can store our inputs imported under Advance Authorisation out side factory premises.
Guidance on Storing Duty-Free Inputs Outside Factory: Rule 8 of CENVAT Credit Rules, 2004. Consult Authorities for Compliance. A discussion in a forum revolves around the storage of duty-free inputs imported under Advance Authorization outside factory premises. An individual seeks guidance on the applicable rules and procedures. An expert references Rule 8 of the CENVAT Credit Rules, 2004, which allows storage outside the factory under certain conditions. The expert advises that permission for storing duty-free inputs may not be necessary but recommends consulting the jurisdictional authorities to avoid mixing inputs. The individual confirms they have permission for storing duty-paid inputs and seeks further guidance on storing both duty-paid and duty-free inputs together. (AI Summary)
Central Excise