excise duty pass on

Dear all,

Our company has the practice of passing on the excise duty paid on the goods purchased. we are registered dealers with excise dept. the cenvat credit account in our books shows the debit balance of duty paid my query is whether the duty passed on amount needs be credited since our sales are not liable to excise as it is not manufacture bt trading or the cenvat account should remain as it is in purchase account ??

kindly tell me the correct accounting treatment

Replies (1)

If you are Ist Stage excise dealer then you are required to raise excise invoice on sale of excisable goods and credit exactly same amount of excise duty paid at the time of purchase of goods.

Regards.

Bimal jain ( M - 9810604563)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details