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 ?
Stock transfer - duty free material
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Duty-Free Material Stock Transfer Challenging; Possible for Export Goods Use with Caution Under Central Excise Notifications A query was raised regarding the possibility of stock transferring duty-free material procured under specific Central Excise notifications. The reply indicated that stock transfer is generally challenging unless the entire factory is relocating. However, transferring the material may be permissible if it is intended for use in export goods, but caution is advised. (AI Summary)