First Stage Dealer - Change In Constitution from Proprietor to partnership

[fenil sanghvi]

I have one query regarding consequences / procedure to be followed in case of change in constitution of first stage dealer from Proprietorship to partnership.

The case is proprietor is already running business as a first stage dealer and now has transferred his all asset and liability to newly formed partnership firm in which he is also a partner.

My query is in such a situation how can proprietor transferred closing stock and balance of excise to the partnership firm?

Plz guide me.

mail id [email protected]

AI Summary

Change in business constitution requires fresh or amended excise registration and invoices for any transfer of stock.
Where a proprietorship converts to a partnership, a change in PAN requires obtaining a fresh registration, while no PAN change requires online intimation and amendment of registration within thirty days. Physical transfer of excisable stock to the new firm cannot occur without raising an excise invoice in accordance with the rules; mere intimation to the officer does not permit removal of goods.