Excise gate pass

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Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2012 Will you please give me an information about Excise gate pass? What is excise gate pass? Who will issue excise gate pass?
How Entries of Excise gate pass in Financial Accounting and Excise Accounting?

RENGARAJ R.K

RENGARAJ R.K (Expert)
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31 August 2012 The term excise gate pass is not in usage now. Now it is called CEntral Excise Invoice. An excise Unit has to prepare an excise invoice to clear the excisable commodities from the factory gate. The excise invoice consists of the product, packing, quantity, MRP/Dealer rate, abatement if any, rate of duty, duty amount, time of clearance, lorry particulars, range address, division address, excise rc, vat rc, vat/cst if it sale, pre authenticated signature etc.,

If you are raising excise invoice for sale, the entry will be

Party Dr,
sales Cr.
ED/CESS collected Cr.
VAT/CST collected Cr.

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