If finished product is stolen, are we require to pay excise duty on theft finished product ???
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Payment of Excise
Replies (6)
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
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