Rate of Duty Effect on Stock transfer

[Vivek anandhan]

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

AI Summary

Place of removal principle governs excise duty for stock transferred goods; depot clearance date can determine applicable rate.
Whether Budget day changes in excise rate affect stock transferred goods depends on the place of removal and time of removal. If depot/selling point is the place of removal, duty and value are fixed by the depot clearance date and prevailing rate; if factory gate is treated as place/time of removal, the factory clearance date and rate govern and subsequent changes do not alter duty already paid. Statutory definitions, valuation rules, CBEC guidance and judicial authority inform this determination.