Transfer of Capital goods without payment of duty due to change in factroy location

[Amit Apshankar]

Sir,

For transfer of capital goods and raw material  without payment of duty is allowed only on intimation or it is necessary to take permission from Asst/  Dy. Commissioner of Central Excise under Cenvat Credit  Rule -2004sub rule 10.

Amit

 

AI Summary

Transferring Goods for Factory Relocation Requires Permission, Not Just Intimation, Under Cenvat Credit Rule 2004, Rule 10. A query was raised about whether transferring capital goods and raw materials without paying duty due to a factory relocation requires just intimation or permission from the Assistant or Deputy Commissioner of Central Excise under Cenvat Credit Rule 2004, sub-rule 10. The response clarified that sub-clause 3 of Rule 10 mandates that the concerned authority must be satisfied with the accounting of goods, suggesting it is advisable to seek permission. Rule 10 outlines conditions for transferring CENVAT credit during factory or business relocations, requiring proper accounting and transfer of inputs or capital goods.