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Raw material goods removed as such

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 February 2014 I have purchased X goods for manufacturing purpose for Rs. 100 after paying duty of Rs. 2. I have booked CCR of Rs 2 that time but after that i have removed/sold that goods as such from the factroy to a other manufacturer of Rs. 105.

What should be the treatment?
1. Should I reversed the CCR, which I have already booked on purchased and cost of goods should be increased by Rs 2?

OR

2. Can I charge excise duty from the other manufacturer also and then setoff my CCR against it?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
14 February 2014 If goods will be removed as such then value addition should not be permissible. You have reverse then same duty have taken.

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