TaxTMI 
TaxTMI 
Dear Sir,
Is it any rule from factory to godown stock transfer of without payemnt of EXCISE duty and VAT, factory at NAshik and Godown in Pune both in Maharastra State.
Stock Transfer To Godown Without Payemnt Of Duty
29 Mar 2012 
9 Replies 
9081 Views Asked by
Duty payment on stock transfer: manufacturer must generally pay excise on clearance; permission to store elsewhere is exceptional.
Manufacturers must obtain Commissioner permission to store finished goods outside factory premises in exceptional circumstances; ordinarily excise duty is payable on clearance from the factory for both sales and stock transfers, and permissions to defer duty are unlikely for storage in locations under different Commissionerates. As alternatives, obtain Commissioner permission where justified or secure a destination godown and dealer registration and effect a stock transfer with subsequent sale; VAT implications must be handled separately. (AI Summary)
Manufacturers must obtain Commissioner permission to store finished goods outside factory premises in exceptional circumstances; ordinarily excise duty is payable on clearance from the factory for both sales and stock transfers, and permissions to defer duty are unlikely for storage in locations under different Commissionerates. As alternatives, obtain Commissioner permission where justified or secure a destination godown and dealer registration and effect a stock transfer with subsequent sale; VAT implications must be handled separately. (AI Summary)