PARA 4.4.5
- Document type
- Procedure
- Reference no.
- 04E
- Dated
- Category
- HB Vol.1 ( upto 31/08/2004)
Advance Licence
4.4.5
While issuing advance licences in case of multi unit companies, the RLAs should endorse the use of material imported thereunder for a particular unit of a company and transfer of any material from one unit of the company to another unit of the same company shall be done with the permission of Excise Authorities with a clear understanding that no benefit of MODVAT/CENVAT shall be claimed on such transferred inputs.
(Above sub-paragraph 4.4.5 has been added vide PUBLIC NOTICE NO. 36(RE-03), DT. 10/12/2003)
While issuing advance licences in case of multi unit companies, the RLAs should endorse the use of material imported thereunder for a particular unit of a company and transfer of any material from one unit of the company to another unit of the same company shall be done with the permission of Excise Authorities with a clear understanding that no benefit of MODVAT/CENVAT shall be claimed on such transferred inputs.
(Above sub-paragraph 4.4.5 has been added vide PUBLIC NOTICE NO. 36(RE-03), DT. 10/12/2003)