Stock transfer for non valuated materials

[Former Member]

Hi

I am dealing with Non valuated materials. I ve to tansfer stock between two plants in two defferent states under same company code.

In this scenario, hows basuc excise duty, education cess, sec higher edu cess reflects. Since the material is non valuated, n proce is maintained.

Do i ve to pay taxes for such a scenario?

regards

B Shar

[Former Member]

These Material might be material which is procured & not manufactured. Excise Duty is applicble for product Manufactured. Also, it being a non-valuated material, probably the cost is already absorbed. It is ideally recommended to to transfer the stock without considering Excise Duty.

But scenario's vary from Client to Client & based on their practise, a solution require to be proposed.

Regards,

Rajesh Banka