Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Law requirement - two excise registrations

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aw requirement - two excise registrations<br> Query (Issue) Started By: - madhavvan Dated:- 16-4-2009 Last Reply Date:- 16-4-2009 Central Excise<br>Got 1 Reply<br>Central Excise<br>1. Company has two excise registration one for manufacturing and other one for trading for the same factory The Trading licence is for storage of imported goods which are subsequently sold . does the law require that th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ere should be a separate gate and entrance for both the excise registered premises 2. In same bill of entry items for manufactured goods and items of trading are received is there any specification in excise law / customs that there should be separate bill of entry. 5. Spares / parts are some time sent as replacement to customers as they are damaged at customers end when replacement spares are sen....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t should they be sent under trading excise invoice or manufacturing invoice and at what value should it be sent for excise purpose 6. Trading items are similar to manufacturing can these be imported and then sold is there any bar on selling items identical for trading and manufacturing Reply By Rama Krishana: The Reply: So many queries in at once! I think, there is no provision in the central exc....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ise which says that for the purpose of two activities (manufacturing and trading) assessee must have two gates. But, on the other side, you must have appropriate arrangements / facilities / safeguard to ensure that items for trading should not be mixed for items for manufacturing.<br> Discussion Forum - Knowledge Sharing ....