RAW MATERIAL SALE

Dear Sir,

Raw material can be sold which was left over with you. There is no any restriction for resale. But you will have to pay the duty equal to the CENVAT credit availed on the raw material which you want to sale, either by reversing it in your CENVAT credit or by PLA.

Transaction value should not be considered for calculation of Duty.

Yes,I agree the with Mr. kiran kumar

Dear Sir,

No. It is not possible. The said raw material is always raw material for you, unless it is amount to any manufacture / process. Hence it can not be considered as your Finished Product. It has to be cleared as Raw material itself.

Dear Kiran,

Thanks again for the quick reply. I appreciate that.

My question is answered.

Thanks & Regards

Rishi

Can any one advise for sale of raw material  for a mfg. Co. Recorded in RG-1 or Not with notification

Originally posted by : Vijay Kumar
	Can any one advise for sale of raw material  for a mfg. Co. Recorded in RG-1 or Not with notification

RG-1 ( now DSA) is the register of "manufactured finished products" and it does not contain data for raw materials

for receipt and issue of raw materials, use RG23A part 1 and 2

Sale of Raw material is to be invoiced with excise duty and such debits should be catagorised in excise

return under cenvat availed and utilised heading subheading "credit utilised for removal of materials as such"

and in Rg23a Part II you should debit the excise duty.

you should invoice the material under the same tariff it was received.

I agree with Mr Sharma that sale of raw materials as such is to be recorded only in  Rg23a Part 1 & II