In RG-1 Register, What should i take for Value in Home Consumption. Whether it is taken Assesseble value or Total Value.........Please Confirm me.............. and please send me the sample Register (View) RG-1 Register.
Kishor (Sales cum Dispatch Officer) (56 Points)
07 January 2011In RG-1 Register, What should i take for Value in Home Consumption. Whether it is taken Assesseble value or Total Value.........Please Confirm me.............. and please send me the sample Register (View) RG-1 Register.
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14477 Points)
Replied 07 January 2011
Value in Home Consumption = assesable value on which excise duty & cess to be charge.
Anand
(ACCOUNTS EXECUTIVE)
(68 Points)
Replied 07 January 2011
Assessable Value shown in RG-1 Register.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 07 January 2011
DSA (earlier RG-1) accounts for "manufactured goods" / sock / clearance for home and export with/without payment of duty.
value taken in RG-1 clearence, is basic assessable value u/s 4 of excise act, on which cenvat duty+EC+SHEC is charged.
Prakash
(Professional)
(211 Points)
Replied 07 January 2011
Assessable value is the basis for duty of excise.
Pothuganty sudheer
(Consultant, C.A, C.S)
(411 Points)
Replied 07 January 2011
asessable value is to be taken for the purpose
s. vasudevan
(Consultant)
(39 Points)
Replied 07 January 2011
yes, assessable value has to me mentioned in RG 1 Register. For assessable value we need to calculate Excise duty and cess
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