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Procedure of disposle of finished goods


R P Ananthakumar (Sr. Officer - Central Excise/Cash)     07 November 2011

R P Ananthakumar
Sr. Officer - Central Excise/Cash 
 54 likes  514 points

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We are having stock at RG1 register.  which are obsulute and not fit for market condition.  Hence, we have to clear the the stock from RG1 register,

We request you to kindly explain the procedure to do this.

Thanks in advance.

U S Sharma

U S Sharma (glidor@gmail.com)     07 November 2011

U S Sharma
glidor@gmail.com 
 1741 likes  21031 points

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you have to give notice to range superintendent for "destruction of finish goods  rejected/ outdated" , 2 days before such event.

R/O may depute officer to supervise the destruction 

input credit contained in such destruction should be reversed.

CA Unnikrishnan Nair N

CA Unnikrishnan Nair N (Chartered Accountant)     08 November 2011

CA Unnikrishnan Nair N
Chartered Accountant 
 225 likes  2083 points

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Intimate RO for destruction under his supervision . Apply for remission of duty.

R P Ananthakumar

R P Ananthakumar (Sr. Officer - Central Excise/Cash)     09 November 2011

R P Ananthakumar
Sr. Officer - Central Excise/Cash 
 54 likes  514 points

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Thanks for your reply.

It is possible to get remission on duty from commisioner, because the value of goods is above 5 lakhs.

 


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