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Former Member

reg. excise invoice in sto

hi all,

i need a clarification on while stock is transfering from depot to another depot, do we need to generate excise invoice while stock is transferred from one depot to another depot.

regards,

ram

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4 Answers

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    Former Member
    Nov 18, 2008 at 11:30 AM

    Dear ram,

    If it is a duty paid material , then commercial invoice can be generated otherwise excise invoice is the must .

    saravanan

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  • Nov 18, 2008 at 11:05 AM

    It depends on Material- Whether the this material is excisable or non-excisable?

    if its non-excisable , no need to generate excise invoice.

    if it excisable, need to generate excise invoice, because excise authority every goods movement outside the plant should move along with the invoice including duty.

    as we know- stock transfer will not have sales tax , only duty is applicable

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    Former Member
    Nov 19, 2008 at 05:06 AM

    hi,

    thanks for ur valuable support, and my question is that we have paid excise duty while stock is transfering from plant to depot, so do we need to pay excise again while we transfer from depot to depot

    regards,

    ram

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    • Dear Ram

      If the sending Depot is registered under Central Excise, then yes you need to levy duty while transferring the goods to another depot. If it is not registered under Central Excise, then in that case, you need not levy duty. This is the Central Excise rule

      thanks

      G. Lakshmipathi

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    Former Member
    Nov 19, 2008 at 06:31 AM

    Dear saravanan and lakshmipathi,

    thanks alot for ur valuable inputs.

    regards,

    ram

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