Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

Central excise general procedures

1286 views

Save Share

Join Us Follow Us Add as Source

Rahul

Partner

31 Points Posted on 15 March 2012

Can anyone please advice me in this regard!!!

Suppose 50 tons of goods are used for manufacture in a factory, out of which 30 tons are excisable and remaining 20 tons are non-excisable.

Input duty paid for the manufacture of final product is 2lakhs out of which I can attribute 1.2K to excisable and remaining i have to bear the expense.

Then what is the information i have to produce in RG-23 Part I and RG-23 Part II (regarding the 50 tons i have to produce the info. or regarding the 30 tons i have to produce the info.)

I need an expert advice in this regard.

Thank You

Replies (1)

Sunil Kumar G

AGM Taxation

446 Points Posted on 10 April 2012

Rule 6 of Cenvat Credit rules explaining the procedure relating to manufacturer or producer of bothe excisable and non excisable product. In the RG 23A Part II you should reverse the duty attributable to non excisable product.