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Excise duty on finished goods

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(Querist)
10 June 2014 As on 31st march, we have manufactured finished products. whether in books provision for excised duty on finished goods lying in stock is necessary or not.what is the treatment ?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 June 2014 yes it must be made at the year end.
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Vishnu Saboo

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Vishnu Saboo (Expert)
16 June 2014 yes, you have to make proper provision for FG/Scrap etc.
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