Hi
I have question on central excise, we are a private limitedcompany, and we are applicable under central excisse, we are under SSI Exemption .
Here we have moved goods on for job work completion , the goods which sent is not invoiced, and what is the minimum and maximum period to raise an invoice under excise Act.
Please mention the period for raising the invoice- and if possible please quote the rule and Acts .
Thank you
Dear Sir,
As per Rule 11 of the Central Excise Rules, 2002, no excisable goods removed from a factory or a warehouse without under an invoice duly signed by the authorized person. The Challan/Invoice is required to be raised at the time of removal of the goods.
In regard to Job work concern you send your goods under CENVAT Provision by raising Challans as per Rule 4 (5) (a) Central Excise Rules, 2002. One thing is important goods must be received within period of 180 days of their being sent to a job worker otherwise you have to pay an amount to equivalent to the CENVAT credit taken.
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
R P S K & Associates
Nashik
CA Inter
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
CAclubindia
