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Former Member
Jul 31, 2008 at 06:01 AM

Transfer on Hold from one plant to another


Hi Friends,

My client has capitalised a Fixed Asset. 50% of the Cenvat Credit is lying in Cenvat On Hold Account.

Now the customer wants to transfer the Asset to another plant. Consequent to this, they want the balance lying in Cenvat on Hold A/c also to be transferred to the new plant.

I understand that Asset can be transferred from one plant to another through T Code ABUMN, but I do not have any clue regarding transfer of amount in Cenvat On Hold A/c.

Any suggestions please


Srinivas A