TaxTMI 
TaxTMI 
PLACE OF REMOVAL - For Duty Payment
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....LACE OF REMOVAL - For Duty Payment<br> Query (Issue) Started By: - AKASH DUBEY Dated:- 14-5-2015 Last Reply Date:- 15-5-2015 Central Excise<br>Got 5 Replies<br>Central Excise<br>I am manufacturing chemicals and selling in my brand with duty calculation on MRP Basis. Now, the condition is that, I have to first transfer my stock to various depots and then sell them to my dealers. In this process, a....
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....t present, I am paying Excise Duty at the time of Stock Transfer to my own depot. This needs a lot of money investment as I am arranging raw materials and over that Excise Duty is also adding up with a considerable amount due to calculation on MRP Basis (Not sale value) I want to know that, how to declare that my actual PLACE OF REMOVAL (Sale) is my depot and want to pay duty at the time of real ....
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....sale. I read in Excise Manual, that Place of Removal can be the depots or consignment agent, but unable to find out the exact procedure. Regards, Akash Dubey Reply By MUKUND THAKKAR: The Reply: Sir, I want to know that, how to declare that my actual PLACE OF REMOVAL (Sale) is my depot and want to pay duty at the time of real sale. you can not cleared your goods from your factory to depot wi....
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....thout payments of duty. place of removal is part of your factory.so clearance from your factory to depot under stock transfer excise duty need to pay as per rules their is no other option. if you want to pay the duty during the time of removal from the place of removal you have to obtain the permission from your commissioner for storage the finished goods out side the factory and paying the duty ....
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....at the time of clearance. you can not store your finished goods in depot. separate place is required for the same. . Reply By AKASH DUBEY: The Reply: Place of removal mentioned in the following document is for only CENVAT or Duty Payment Circular No. 988/12/2014-CX Reply By ganeshan kalyani: The Reply: Place of removal for paying excise duty is factory gate. Exciseable goods cannot be remove....
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....d without payment of duty. Reply By vijay kumar: The Reply: Please read Rule 7 of Central Excise (determination of value of excisable goods) Rules, 2000. Accordingly, you are required to pay excise duty at the factory (the first place of removal) since there is no sale on account of stock transfer to the depot. Duty has to be paid at the price prevailing at the depot, nearest to the place of remo....
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....val. If you want to pay duty at the depot, apply to the jurisdictional commissioner for permission under rule 4(4) of Central Excise Rules, 2002. Other than this, you have no option to pay duty at the depot. Reply By AKASH DUBEY: The Reply: Mr Vijay Kumar, Can I get permission as per Rule 4(4), for my depots at far away places, like different states ? Akash<br> Discussion Forum - Knowledge Sh....
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....aring ....