ours is the first stage excise delarer accounting (with inventory) for the year ended 31.3.2013. we transfer all excess of vat input credit to vat refundable account but excise duty (closing stock part)i.e untransferred or unutilised input excise duties where to shown or how to accounting
thanking you your valuable immediate response for above query please understand my query sir as per first stage excise dealer it is pending for final accounts
12 August 2013
If you are a dealer then the credit is not available to you. Only manufcturers or service providers are eligible for credit. You are only passing on the credit. Therefore the CED need not be shown separately.
CAclubindia
