Procedure to clear semi finished goods
Guest
we are manufacturer of wooden furnitures and registered with excise, we want to cleared the semi finished goods with excise invoice,payment of duty & get finishing at depot such as polishing, fitting fabrics & sale as a finished form & sealling price will be different. What is the procedure? Pl. let us know the registration procedure. Can we register the depot with concern excise office for both? (mfg. premises location & depot. location) Can we pay difference amount duty of depot sealing from manufacturing premises?
Furniture Manufacturer Queries Excise Duty Payment and Registration for Depot Sales Under Section 3; Duty Discharge Clarified A manufacturer of wooden furniture seeks guidance on clearing semi-finished goods with an excise invoice and paying duty for further finishing at a depot. They inquire about registration procedures for both the manufacturing premises and the depot, and whether they can pay the duty difference from the manufacturing site. Responses indicate that excise liability can be discharged from the manufacturing premises and that the duty difference for depot sales must be paid from there. (AI Summary)
TaxTMI
TaxTMI