Excise paid from cenvat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2016 Dear Sir
I have removed excisable goods by paying duty through cenvat register. Please tell me do need to pass reversal entry of cenvat at the time of every removal goods i.e.

Excise payable DR....
To excise cenvat......

Weather this entry will be pass on every removal of goods or it will be pass at the end of the month,

Regard
Sumit Sharma

Arbind Aggarwal

Arbind Aggarwal (Expert)
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16 April 2016 Excise duty payable for a month to be debited in the Cenvat Credit Account or PLA at the close of the month. Credit available on last day of the month is the amount which can be used to discharge the liability.

Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2016 Sir my quertion was....assume i have issued two invoice in the month of april first on 1/4/2016 with the duty of 200 and secound on 15/4/2016 with the duty of 300 plz tell me on issuance of first of invoice with duty Rs. 200 on 1/4/2016 weather should i debit the duty in cenvat register on 1/4/2016 or it will be debit combined 200+300, 500 the the end of the month

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Arbind Aggarwal

Arbind Aggarwal (Expert)
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16 April 2016 Combined at the end of the month.

Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2016 Sir if duty will be combined debit at the end of the month as i have issued two invoice one on 1/4/2016 and secound on 15/4/2016 then while debiting the combined duty at the end of the month which date will be consider in cenvat register weather 1/4/2016 or 15/4/2016 or 30/4/2016