sir
do we show the captive consumption details like production qty, issue qty OB and CB of captive goods in ER 1 return in monthly or we maintain only record of that goods. pls clarify as early as possible.
Thanking inadvance
Krishna Mohan (consultant) (53 Points)
07 March 2013sir
do we show the captive consumption details like production qty, issue qty OB and CB of captive goods in ER 1 return in monthly or we maintain only record of that goods. pls clarify as early as possible.
Thanking inadvance
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 09 March 2013
The intermediate product manufactured within the factory is exempt from duty if it is consumed captively for manufacture of used for in or in relation to manufacture of final product. No need to enter the quantity of captive goods in ER-1 only you can maintain the record.
CA Nilesh Mahajan
(Chartered Accountant)
(1609 Points)
Replied 22 July 2016
Sir,
Could you please tell me legal backing for the said opinion
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