Accounting entry at the time of removal of excisable goods

Save Share

This query is : Open

F H G (Querist)
Follow

17 December 2009 What accounting entry will happen at the time of removal of excisable goods from manufacturing plant to another plant (which come under different-2 excise range).

Thanks in advance

FAZLE
SAP FI Consultant
fazle_sap_fi@yahoo.in

Neeraj Bansal CA

Neeraj Bansal CA (Expert)
Follow

27 December 2009 sir

an excise invoice should be issued at the time of transfering from one unit to another , but no sale tax is required to carge, as it is only a stock transfer from salestax angle.

Neeraj Bansal

F H G

F H G (Querist)
Follow

28 December 2009 Dear Neeraj
I know sales tax is only require when sales is made and I also know that at the time of removal of goods from manufacturing site excise duty will be applicable.
But my question is that what accounting entry will happen at the time of removal of excisable goods from manufacturing site.
I just want to know the accounting entry(cenvat accounting entry) at the time of removal of goods from manufacturing site.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now