C&F
Pramod Kumar 'Guddu'
(Querist) 01 June 2011
This query is : Resolved
Dear Sir,
We are an 100% EOU and want to sele our finished product thru C&F agent. First we transfer our stock (FG) to agent and then they raised his own invoice for sale the products. if they fail to sale product it will be come bace at our premises. What procedure should we adopt for transferring goods since we are EOU we have to pay excise duty please guide us. How to transfer our product to agent & what is documentation procedure.
vinay sonpal
(Expert) 02 June 2011
You have to transfer the stock under Form F under Central Sales Tax Act as branch transfer or agent transfer. The retransfer also has to be under F form. Whether you are 100 % EOU then it will be in respect of permissible local sales. Central Excise Duty will not be payable while clearing the same goods again unless it is brought back to the factory.Re using the returned goods again after repair or refurbishment will attract central excise duty.
MUKESH SHARMA
(Expert) 03 June 2011
you can appoint consignee and can sale against form f
