If finished product is stolen, are we require to pay excise duty on theft finished product ???
If finished product is stolen, are we require to pay excise duty on theft finished product ???
Simpaly make a FIR & reduce stock o need to pay any thing its a Loss of Company.
| Originally posted by :Amit Khemka | ||
| " | If finished product is stolen, are we require to pay excise duty on theft finished product ??? | " |
yeah it is just a loss to the company
| please send me all the forms of ITR(S) & E.R.-4 OF CENTRAL EXCISE IN EXCELL FORMAL WITH FORMULAS . THANKS | ||
| " | If finished product is stolen, are we require to pay excise duty on theft finished product ??? | " |
dear friend,
if some excisble goods is lost, stolen or destroy, you have to pay ED untill unless AC/DC of your region gives you permission in writing
Goods were stolen after manufacture (i.e. Finished Goods), Since Exice Duty is on Manufacture we have to pay ED, obiusaly its a loss to Co, whcih can be reduced from Stock later
SSGS and Associates
Chennai
CA Inter
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Pune
B.Com
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