Exise Duty

636 views 2 replies

Article

105 Points Joined May 2009

What are the accounting entries to be done for Exise duty on Capital goods

Replies (2)

Sr Executive (Excise & Accounts)

736 Points Joined February 2009

I First Year

Fixed Assets A/c Dr

Cenvat on Capt Goods BED Dr (50%)

Cenvat on Capt Goods ECS Dr (50%)

Cenvat on Capt Goods HECS Dr (50%)

Cenvat on Hold (50% of BED+ECS+HECS)

To vendor

IInd Year

Cenvat on Capt Goods BED Dr (50%)

Cenvat on Capt Goods ECS Dr (50%)

Cenvat on Capt Goods HECS Dr (50%)

To Cenvat on Hold (50% of BED+ECS+HECS)

Guest

our sales is 14700000 ,fire wood is Rs. 3000000 & rest wooden crate .we need to Central Excise Registration or declaration

Your are not logged in . Please login to post replies

Click here to Login / Register