on 11-18-2008 11:00 AM
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
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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Dear saravanan and lakshmipathi,
thanks alot for ur valuable inputs.
regards,
ram
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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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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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