Hi,
Please explain me in understanding the treatment, if I have two excisable units in Maharashtra viz Mumbai & Pune. Suppose I have to transfer the finised goods manufactured in Mumbai to Pune, from where the invoicing will be done with other finished items manufactured in Pune Itself. As fas as Vat is concerned, no vat is payable also no F Form requires as it is intra state tranfer. Kindly guide me on two removal from Mumbai & Pune.
Excise Duty on Transferring Goods: Pay Cenvat Duty from Mumbai to Pune; Claim Credit in Pune. Follow Section 4, Rules 8/9. A discussion on the treatment of excise duty for transferring finished goods between two excisable units in Maharashtra, Mumbai and Pune, highlighted that when goods are moved from Mumbai to Pune, cenvat duty must be paid. Pune can then claim credit for this duty. If goods are consumed internally, valuation is set at 110% of production cost, determined by a cost accountant. If sold, valuation is based on similar goods' prices sold from Pune. The process follows the Central Excise Act, 1944, and related valuation rules, with emphasis on sections 4 and rules 8/9. (AI Summary)
TaxTMI 
TaxTMI 
