Accounting treatment of excise duty at manufacturer

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We are a manufacturing company and having brances in other states, we are sending goods to our branches against F-Form with charged of excise duty @ 12%.and paid excise duty with adjustment of CENVAT at plant.

Kindly give a complete treatment  of excise duty of stock transfer to our branches in  plant books of a/c.at time of  finanaical year ending.

Devender Kumar

Accountant

 

Replies (1)

Excise duty will be payable on stock transfer also.

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