capital goods TFr

[vikas garg]

when we close a plant and tfr some exciseable capital goods to our new plant then what is procedure of transfer When owner is same

AI Summary

Transfer of Excisable Capital Goods Between Same Entity's Plants: No CENVAT Credit Reversal Required per Rule 10A A query was raised about the procedure for transferring excisable capital goods from one plant to another owned by the same entity. The discussion highlighted that the reversal of CENVAT credit is not required when capital goods are transferred between factories of the same assessee, as supported by case law. It was suggested that merely informing the excise department might suffice, without needing prior permission. Rule 10A and relevant case law were discussed, emphasizing that if conditions under Rule 10 of CCR, 2004 are met, permission should be granted post facto if not obtained beforehand.