Dear Team,
Kinldy let me know when should any manufacturer file excise ER-1 returns for the first time?
Whether NIL returns should be filed when the company is recording the CENVAT availed before the start of Manufacturing process or should it file the first return when the the exciseable product is manufactured?
Thanks & regards,
You can file nil return if you company has not started production and not taken cenvat credit during the month. If you have availed cenvat credit you can file ER-1 with details of cenvat availment.
You can file nil return if your company has not started production and not taken cenvat credit during the month. If you have availed cenvat credit you can file ER-1 with details of cenvat availment.
CAclubindia
