Stock transfer - duty free material

[Guest]

Whether we can STOCK TRANSFER the Duty Free Material procured under Notification no. 43/2001 CE(NT) dated 26.06.2001, (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2001.Notification No. 34/2001-C.E. (N.T.)dated 21.06.2001. If yes, under what conditions ?

[Mukesh Kumar]

Various factors are to be seen. If you are shifting the factory completely to another place, than yes you can transfer the material. Otherwise, it is very difficult to stock transfer. However, if the purpose of transfer of such goods is to use into export goods in that you may be allowed to transfer, but be careful.

AI Summary

Stock transfer of duty free material allowed only on complete factory relocation or for use in export consignments, subject to conditions. Whether duty free inputs under concessional excise notifications may be stock transferred depends on circumstances: transfers are permissible for a complete factory relocation; otherwise transfers are generally difficult. Transfers for incorporation into export goods may be allowed, subject to the notification's conditions and safeguards.