Captive consumption of good

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kaushal patel (Querist)
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29 December 2012 I am doing manufacturing business of engineering product (Spare parts) can any one explain following.

a. RM purchase are sale as such.

b. RM used for manufacturing intermediate product. such intermediate product has market and it also sale in market.

c. Intermediate product is also use as captive consumption for manufacturing FG. Such FG is easily sale in market.

All three RM/ Intermediate & FG is excisable product.

Following soluation require.

1. Which register should be maintain for recording all three transaction.

2. How to maintain all three register. ( plz if possible explain in excel format)

3. Any benefit provided for captive consumption in excise for maintenance of register.

4. Plz provide captive consumption register in excel with example.

NILESHKUMAR

NILESHKUMAR (Expert)
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01 January 2013
Daily stock account under CER 10 2002.
Sales Register
Purchase Register (seperate for traded goods)

you have to show seperate issue of captive consumtion in DSA (RG1)
if you are selling intermidiate product as such it is covered under Sub rule 5 of rule 3 of CCR 2004.

You have to follow rule 10 of CER 2002.

For Raw Material Account you may opt for FORM IV register.
If your final product is exempted and you are paying duty on captive stage, valuation of captively consumed goods to be assessed as per Rule 10 of Central Excise Valuation Rules 2002. CAS 4 is required to be maintained.