STO - Depot

[Former Member]

Experts....

There are 3plants "A"(outside india) X"" & "Y" (indian depot plants).

"X" will IMPORT the material from "A" plant (outside india). "Y" raises STO against "X".

Customs Duty liability will arose only when "X" send material to Y through STO. - duty payable by "Y"

my CVD amount is cenvatable, and can take the benifit.

can i have some more lights on the same scenario....with respect to how to avail/capture cenvet credit ..the best way & the process.

we use 351mvt.(without delivery & billing).

[mohamedhasanrifaie_m]

Hi Sandip,

You got the solution for the Depot excise capture scenario.

Whether i have recommended is useful?

If not, pls. let me know the solution for the same.

Eagerly awaiting.

You can post the reply on this same question.

Thanks & Regards

M.Rifaie

[mohamedhasanrifaie_m]

Hi,

Pls. do the following,

STO order to be placed on "X" plant by "Y" plant with all the condition type (like freight, cvd, cess)

Then do MIGO for Goods issue (351 movement) and it will generate accouting document for credit and debit to respective plants (Supply & receive).

Then do MIGO for Goods receipt (101 movement) and enter all escise details such as BED, Cess etc.

It will generate one internal excise no.

Then goto Transaction J1IG and enter this internal excise no. and posting year, fro this you can capture CVD.

Pls. note that CVD to be treated or considered as BED.

Award if it is found useful.

Thanks

Regards

Rifaie.M

[Former Member]

Hi

You can do STO between plants x and y with billing document.

regards

[Former Member]

hi,

i dont want to have billing.

i create the MIGO - update RG23d//... what is the next step...

for capturing the excise duty(CVD)...