Accounting treatment of excise duty at manufacturer

devender Kumar (Accountant) (24 Points)

27 August 2014  

We are a manufacturing company and having brances in other states, we are sending goods to our branches against F-Form with charged of excise duty @ 12%.and paid excise duty with adjustment of CENVAT at plant.

Kindly give a complete treatment  of excise duty of stock transfer to our branches in  plant books of a/c.at time of  finanaical year ending.

Devender Kumar

Accountant