Rules of Consignment Sales

NIRMAL SHARMA (G.M. ACCOUNTS & FINANCE)   (83 Points)

18 June 2009  

Hello Sir,

I want to Know about Consignment Sales Procedure in Excise Department. (If an Manufacture transfer stock to Dealer with payment of Excise Duty (Ex Value is Rs. 20 lacs). After that the Dealer send the sales patty (ie, Sales is 25 lacs, expenses is 2lacs and payable is 23 lacs). What is the Procedure in Excise .

Please tell, it's very urgent.