regarding rg - 1 & rg - 23

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Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2010 dear all

what is Rg-1 & Rg23

Kishor Darole

Kishor Darole (Expert)
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26 May 2010 Dears,
RG-1 means "Register of Goods No.1" in which Production and sales entries are posted on day to day basis for each product.
RG-23 means "Register of Goods No.23" But in this, there are four different category 1) RG-23 A Part-I--> For accounting of Receipt of Raw material 2) RG-23 A Part-II--> for availment of Cenvat credit of Input material.3) RG-23 C Part-I--> For accounting of Receipt of Capital Goods 2) RG-23 C Part-II--> For availment of Cenvat credit of Capital Goods.
These all are called as "Statutory Excise Records".

Regards
Kishor

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ajay taneja

ajay taneja (Expert)
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02 June 2010 Dear,
RG-1 is used for finished products production and sales. In this register you have to enter quantity and assessable values (for sales) on day to day basis.
RG-23A Part-I (for Excisable Raw Materials and packing Materials receipts and consumption) and RG-23C part-I (for Capital Goods receipts and issue) is used for quantities.
RG-23A Part-II (for availment of Cenvat Credit of Input material) and RG-23C-Part-II (for availment of Cenvat Credit of Capital Goods)

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CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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22 January 2013 Further Adding
if u are a first stage dealer and u hav paid duty on the product, then it is essential when passing such goods, u hav to enter the transaction in RG 23D.