OUR CO. IS MANUFACTURING & REGISTERD IN EXCISE. A OUR CUSTOMER GIVEN US MATERIAL ON THEIR RGP (RETURNABLE GATE PASS) FOR MAKING OF A PRODUCT mATERIAL VALUE OF RS. 35000.00 SIR BECUASE THEY HAVE NOT GIVEN MATERIAL ON 57F4 SO OUR CONSULTANT SAID CHARGE EXCISE DUTY AT THE TIME OF INVOICE.
SO WE MAKE INVOICE LIKE THIS:-
1)MATERIAL COST RS.35000.00 SUPPLIED BY PARTY 2) PROCESS COST rS 14000.00
SO WE CHARGED THE EXCISE ON RS 49000.00
NOW I WANT TO KNOW IS IT RIGHT PROCESS, SHOULD WE INTIMATE THE EXCISE DEPARTMENT & PLEASE TELL WITH SECTION.
CAclubindia
