stock transfer

[Former Member]

fellows

who owns (controls) stock when transfering stock using 2 step procedure?

thanks

rash

[Former Member · Accepted solution]

Hi Rasham ,

Once you do the PGI in the supplying plant the stock in transit is trigrred and the delivery done ;stocks in the STO are in the ownership of the Receiving plant .They can claim any damages , insurance ...

regards

kp

[Former Member · Accepted solution]

thanks man

rasham

[Former Member]

Hi Rasham

As soon as you remove stock from issuing plant, valuation happens at that level, and then stock is transffered to stock in transit but it is considered to be a part of receiving plant.though no valuation occures when transfer from stock in transit to a storage loaction in receiving planmt takes place as it is already a part of receiving plant.

as Kirti mentioned if some damage /poor quality etc occurs then receiving plant ask for settlement from issuing plant.

regards

Yogesh

[Former Member]

thanks man

rasham