RG 23A PART I & II...RG23C...
This query is : Resolved
10 August 2010
Hey i want to know excise management requirement for RG 23A PART I & II and RG23C book keeping.. scenarios where these a/cs get hit ( GL Entries in case of T/F Order & captive consumption)
11 August 2010
RG 23A REGISTER
The manufacturer has to maintain record of each input separately in prescribed register in Form RG 23A Part I. This register is essentially a stock register, which gives quantitative details of each input received (with details of duty paying documents), quantity issued for production, issued for a clearance as such and quantity lying in stock on any day.
RG 23A Part II, which is similar to PLA. It is a current account of MODVAT credit received, credit utilised and credit balance. This gives details of (a) credit availed against each input (b) credit utilised against clearance of final products/waste/inputs as such (c) Balance credit available. The RG 23A Part II register has to be maintained in triplicate using double sided carbon paper and indelible pencil (Practically, use of ball pen is accepted). An extract of RG 23A Part I, II has to be submitted to Range Superintendent every month, within five days of close of the month, along with original duty paying documents. The original duty paying documents will be returned by Excise Superintendent to the year after defacing these with rubber stamp "credit taken under Rule 57A" on the duty paying document, to ensure that these are not misused. These should be returned by Superintendent to user of inputs. Since credit on any input can be availed for payment of duty on any final output, it is not necessary to maintain product wise RG 23A Part II. However, if a manufacturer is also manufacturing some goods which are exempt from duty, he will have to maintain separate register in respect of inputs used in exempt final goods or pay 8% duty reversal on clearance of such exempt final goods and maintain common account availing credit on all the inputs.
The manufacturer has to maintain record of each input separately in prescribed register in Form RG 23A Part I. This register is essentially a stock register, which gives quantitative details of each input received (with details of duty paying documents), quantity issued for production, issued for a clearance as such and quantity lying in stock on any day.
RG 23A Part II, which is similar to PLA. It is a current account of MODVAT credit received, credit utilised and credit balance. This gives details of (a) credit availed against each input (b) credit utilised against clearance of final products/waste/inputs as such (c) Balance credit available. The RG 23A Part II register has to be maintained in triplicate using double sided carbon paper and indelible pencil (Practically, use of ball pen is accepted). An extract of RG 23A Part I, II has to be submitted to Range Superintendent every month, within five days of close of the month, along with original duty paying documents. The original duty paying documents will be returned by Excise Superintendent to the year after defacing these with rubber stamp "credit taken under Rule 57A" on the duty paying document, to ensure that these are not misused. These should be returned by Superintendent to user of inputs. Since credit on any input can be availed for payment of duty on any final output, it is not necessary to maintain product wise RG 23A Part II. However, if a manufacturer is also manufacturing some goods which are exempt from duty, he will have to maintain separate register in respect of inputs used in exempt final goods or pay 8% duty reversal on clearance of such exempt final goods and maintain common account availing credit on all the inputs.
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11 August 2010
As per Cenvat Credit Rules, 2004 there is no format for maintenance of register is specified. Any records maintained by the assessee is acceptable to the department. The Part I and Part II has all relevant factors, which would be useful for both department/assessee there is no problem in continual of the same. But there is no statutory requirement.
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Dhirajlal Rambhia
(Expert)
04 August 2023
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