about excise

FOB: Free On Board - upto the place of importer all cost (like freight, transit insurance) has to be taken care by the exporter.

CIF: Cost Insurance and Freight - the buyer has to bear all the cost

 The account current, also called PLA i.e. personal ledger account, is an account current with the central government, which is utilized for payment of duties of excise. The account current is credited when the sum is deposited into the treasury and debited on payment of the excise duty.

RG Register

RG23C Part-I is register of capital goods
       The from RG 23C – Part – I is required to be maintained for the purpose recording the Duty credit taken on Capital Inputs and subsequently the credits can be set off against the Duty payable by the manufacturer.

RG23C Part-II is register of cenvat credit on capital goods.
       RG23C Part-II is the register maintained to record Cenvat credit on all Capital Goods and duty from cenvat credit account is debited

An account in form of RG 23A - Part I : - This is a record of inputs 

       The from RG 23A – Part – I is required to be maintained for the purpose recording the Duty credit taken on Material Inputs used in manufacturing process and subsequently the credits can be set off against the Duty payable by the manufacturer.

An account in form of RG 23A - Part II : - This is a record of CENVAT credit on inputs 
 
       RG23A Part-II is the register for Cenvat Credit. Cenvat credit on all raw material is taken in part - II and duty from cenvat credit account is debited.

Thank You very much sir.