Imported chemical
This query is : Resolved
26 October 2012
Dear Expert
Please resolved my query
" We purchased imported liquid for our printing goods. For that purpose we paid custom duty and addition excise duty. We took input addition excise duty in our excise return. But i am facing problem in passing entry. which ledger is debit and credit.
Please resolved my query
" We purchased imported liquid for our printing goods. For that purpose we paid custom duty and addition excise duty. We took input addition excise duty in our excise return. But i am facing problem in passing entry. which ledger is debit and credit.
26 October 2012
In Excise there are twwo records to be maintained. 1. RG23A Part I in which quantity is to be credited after arrival in teh warehouse of the factory and debited while issuing the same for manufacturing.
2. RG23A part II inwhich the Credit of the duty paid (CENVAT) is to be taken and debit teh same while paying teh excise duty on removal of teh final product.
2. RG23A part II inwhich the Credit of the duty paid (CENVAT) is to be taken and debit teh same while paying teh excise duty on removal of teh final product.
26 October 2012
Thanx for your response
But We used Third Party (agent) to provide goods. all expenses is born by us. He issued their invoice and charge only CST. the custom and additional duty is details in bill of entry.
But We used Third Party (agent) to provide goods. all expenses is born by us. He issued their invoice and charge only CST. the custom and additional duty is details in bill of entry.
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