Removable of excisable goods
This query is : Resolved
26 September 2013
Dear Expert,
We are manufacturer of Excisable goods, my query is that we want to remove the goods from FGS to factory for reprocessing purpose so what is source documents are required as per Excise rule and notification.
Please tell me when we will remove the goods from FGS to factory for reprocessing we have to minus the stock from (RG-1) or not.
We are manufacturer of Excisable goods, my query is that we want to remove the goods from FGS to factory for reprocessing purpose so what is source documents are required as per Excise rule and notification.
Please tell me when we will remove the goods from FGS to factory for reprocessing we have to minus the stock from (RG-1) or not.
Arun Kumar Singh
(Expert)
27 September 2013
As per the provisions, if the duty paid goods are brought for being re-made, refined, re-conditioned or for any other reason, assessee should take cenvat credit of duty paid as if such goods are received as inputs under cenvat credit rules and utilised the credit according to cenvat credit rules 16(1) of rules 2004. Thereafter remaking goods will be removed after payment of excise duty and quantity will be entered in RG-1.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
