Dear Experts
We are Stock transferring our manufactured goods to other state (Selling Point / Godown) on duty payment at present rate of duty and selling to end customer from stock point.
What is the impact of duty rate in case of increase or decrease in Budget for stock available at our stock point.
Regards
Vivekanandhan
Impact of Central Excise Duty Changes on Stock Transfers: Importance of 'Place of Removal' in Duty Rate Determination A discussion on a forum addresses the impact of changes in Central Excise duty rates on stock transfers between states. The initial query concerns whether duty rate changes in the budget affect goods already transferred to a stock point. Responses clarify that the excise duty rate applicable is determined at the time of removal from the factory, not at the stock point. Some contributors argue that the 'place of removal' is crucial, referencing legal precedents and circulars, suggesting that the duty rate at the depot could be relevant. The debate highlights differing interpretations of excise laws and the importance of the 'place of removal' in determining duty rates. (AI Summary)
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