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Arithmatic Reco In Excise

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Dear All Members 

 

Please explain me the What is Mean By Arithmatic Reconciliation of Excise And What are the types Reconciliation in Excise , 

 

Thanks 

Yashodhan 

Replies (1)

  EXCISE RECONCILIATION

·       (1) Reconciliation of the excise credit availed, utilized and closing balance thereof with the excise records (RG-23A part-2, ER-1 etc.) and subsequent treatment of the reconciling entries/amounts in the books.
 
·     (2)   Verification of the duty provided on closing stock of finished goods and its calculation & treatment in the books.
 
·      
     (3)Checking of balance with excise department with excise return
 
·        (4)Checking of duty paid during the period with the excise records & verification of the reconciliation entries.


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