About goods used for captive cosumption

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CA Krishna Murthy (Querist)
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09 January 2012 Goods used and manufactured one machine and same is used for captive consumption. How to effect in books?? Cenvat credit was taken on goods used for manufactured for Machine. whether we required to pay duty on machine is used in house and whether we required generate for sale invoice, if invoice generate a value to be raised?

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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10 January 2012 For Captive consumption you have to generate invoice(captive invoice) and keep it in your records.

Duty shall be paid for captive consumption, According to RULE 8 of Central Excise (Valuation ) Rules,2000 value will be 110% of cost of production (determined as per CAS-4).

you need to capitalize total material value and other costs exclding cenvat credit.