FINISHED GOODS TO BE KEPT AS STOCK IN OUR OTHER REGISTERED SISTER CONCERN

[SURYAKANT MITHBAVKAR]

Due to non availability space in one unit can we keep final product to our other registered unit as storage.if yes how to clear that product and waht type of record we have to maintain. Whether any permission require?

[Snehal Kulkarni]

Yes, you can store the FG to other register Premises

Please refer Rule 4 (4) of Central Excise Rules 2002

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(4) Notwithstanding anything contained in sub-rule (1), Commissioner may, in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premises of the manufacturer where the goods are made, permit a manufacturer to store his goods in any other place outside such premises, without payment of duty subject to such conditions as he may specify

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You have to seek the permission from the Jurisdictional Commissioner of Central Excise & Custom and have to fulfill the conditions specified thereon.

[Snehal Kulkarni]

Yes, you can store the FG to other register Premises

Please refer Rule 4 (4) of Central Excise Rules 2002

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(4) Notwithstanding anything contained in sub-rule (1), Commissioner may, in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premises of the manufacturer where the goods are made, permit a manufacturer to store his goods in any other place outside such premises, without payment of duty subject to such conditions as he may specify

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You have to seek the permission from the Jurisdictional Commissioner of Central Excise & Custom and have to fulfill the conditions specified thereon.

AI Summary

Storage of finished goods off-site requires Commissioner permission under Rule 4(4) and adherence to specified conditions.
Storage of finished goods at another registered premises is permitted only with express permission from the jurisdictional Commissioner of Central Excise and Customs under the rule allowing storage outside manufacturing premises in exceptional circumstances; such permission can allow storage without payment of duty subject to specified conditions, and the manufacturer must comply with those conditions and maintain required records for movement and custody of stock.