Transfer on Hold from one plant to another

[Former Member]

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

Thanks,

Srinivas A

[Former Member · Accepted solution]

Hi Friends, Thanks for the suggestions.

I understand that you can transfer the amount lying in the Cenvat on Hold A/c to RG23C through TCode J2I8.If I do that, the RG23C Register will be updated for the Original Plant only. I want the Cenvat amount to be available for utilisation at the receiving plant.

Any clues please.

Thanks,

Srinivas A

[Former Member · Accepted solution]

You will be sending the material out of one plant to another with an excise invoice. When you are creating an outgoing EI from the supplying plant you can utilise the credit from Rg23C and then this credit can be availed in the receiving plant with reference to the EI created in the supplying plant

[deiva]

Hai,

1. per Indian excsie law you can transfer the availed cenvat credit in the onhold account only in the next consecutive year. So it is not possible to transfer.

2.u can reverse the GR in the already received plant, cancel the excsie invoice.

3. Create the Po in the required plant, do the GR & capture & post the excise invoice.

[Former Member]

Hi Hemalatha Madam,

The information given by you is very useful.

For executing J2I8 transaction, I gave the following input and executed the transaction:

Company Code

Plant

Excise Group

Posting Date

Selected " List Based on Part2 Number"

After executing the transaction,

I selected the relevant Line Item and Clicked on "Transfer Credit" button. The "Save" button was grey. So, I could not click on that button.

The system displayed the message "Accounting Documents and Part 2 entries created. SERIAL NO:=1000000005

But when I checked the GL A/c for Cenvat on Hold, no accounting entry was posted credititng the account.

In J2I9, the initial creidt of 50% is only being displayed in the transferor plant.

Please advice.

Secondly, please let me know the transaction I should use for Excise Duty payment in the Transferor Plant while transfering the asset.

Please advice.

Thank You Very Much,

Srinivas A

[former_member192897]

Using J2I8 - Avail.of subs credit for Capital, You can Transfer to RG23C

Regards,

Ashok

[Former Member]

Hi

If the material is transferred to the Plant belonging to the same company code & the same cenvat account is being used for both the Plants then i dont think there is any requiremnt of transferring the Amount in the Account.

Thanks & Regards

Kishore

[Former Member]

Hello,

Please use the transaction J2I8 to transfer the credit from On hold to the Rg23C register. You can either do this or simply utilise the credit already available in the register when you are creating an outgoing excise invoice with through transactions J1IS or J1IIN.

Regards