STOCK TRANSFER

[SHIVKUMAR SHARMA]

Respected Experts

We have cleared 500 kgs.goods @Rs.200/-(Including Transportation ) Per Kg from Our factory (Mfg.Unit) at Kanpur to our Depot at Panipat on stock Transfer basis after paying Excise duty of ₹ 12500/-(12.5%)& The same goods we have sold from our Depot as under.

250 [email protected]/- per kgs.Plus !2.5% Excise Duty.to customer A

[email protected]/-Per Kgs.Plus 12.5% Excise Duty.to Customer B

Please confirm whether we have to pay Differential duty at our Factory in case of goods supplied to Customer B.fro our Depot.

AI Summary

Place of removal determines assessable value; depot pricing can govern excise liability and trigger differential duty obligations.
Whether excise duty on goods sent from factory to depot on stock transfer is assessed on factory or depot pricing depends on the place of removal and the prevailing transaction value at that place; TRU guidance supports using depot price where the depot is the place of removal, but later Board guidance and Supreme Court authority alter the place of removal and value analysis, affecting inclusion of freight, Cenvat credit, differential duty obligations and refund possibilities.