Dear All,
I would like some light on the following:
We are a trading concern registered under excise. We are shifting warehouses. The branch firm holds the same TIN, but ECC no is different. Will we become the second stage dealer after issuing the invoice from one branch to the other or will we remain the first stage dealer? Please explain the logic behind it as well.
Much Appreciated.
Kratant Khandelwal
Trading Firm's Stock Transfer Between Warehouses: No Change to First Stage Dealer Status; Excise Duty on Price Difference Possible. A trading firm registered under excise is shifting stock between warehouses with different ECC numbers but the same TIN. The query is whether this makes them a second stage dealer. Responses clarify that registration is premises-specific and separate for each location. Since the transfer is not a sale but a stock transfer, the firm remains a first stage dealer. No CENVAT is involved, and the issue of dealer stage does not arise. However, any price difference at the new warehouse may require excise duty on the differential. Notification and registration for each premise are necessary. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
