Excise duty on short material received
This query is : Resolved
02 August 2011
Dear Sir,
I want to know that if any material purchase from suppliers with excise duty.
but material short received in my factory then what we taken 100% excise duty on 100% Material
As I purchase 100 Qty Rate 10 = 1000
ED 100
Ed Cess 2
Sec ED Cess 1
Total ------
1103
But Wty Received 90
then what we debit Note Raise in Short Qty. as 10 rate 10
I want to know that if any material purchase from suppliers with excise duty.
but material short received in my factory then what we taken 100% excise duty on 100% Material
As I purchase 100 Qty Rate 10 = 1000
ED 100
Ed Cess 2
Sec ED Cess 1
Total ------
1103
But Wty Received 90
then what we debit Note Raise in Short Qty. as 10 rate 10
Ajay Raghatate
(Expert)
03 August 2011
You have to take cenvat credit proportionately for 90 nos qty.
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