Dear Sirs,
Pls. provide your valuable advices for this issue, ' we have 5 manufacturing unit within India, we closed one of the unit which was located in MP, remaining units in AP, now issue is ' we despatched 5 consignments from MP ofter closing MP unit customer rejected our material, then can we account for that material in AP unit? pls. send your advices to us. BENARJEE GOVADA.
Inter-unit stock accounting: whether goods dispatched from a closed factory can be accounted at another unit after customer rejection. Manufacturer closed an MP production unit; five consignments dispatched from that closed unit were rejected by the customer. The issue is whether those rejected goods can be accounted for in an operational AP unit and what the applicable treatment is under excise, VAT/CST, and accounting/costing rules, with a request for clarification on which domain the advice should address. (AI Summary)