112 Points
Joined January 2016
what i mean to ask is that if the production(finished stock) as per our books is morethan the phyisical stock.i.e as per books say 1000 tonnes were produced.only 750 tonnes are sold out and the balance is 250 tonnes whereas the physical stock showes as 245 tonnes(.i.e, only 995 is the production as per physical verification)
the inputs used for the production of 1000 tonnes are available for the credit!
excise duty is levied at the time of manufacture itself. so duty will be levied on 1000 tonnes.while paying the duty whether credit of inputs on such shortage stock is avilable or not ?
thank u in advance!!!!!