Every assessee is required to maintain RG23 register on behalf of the dept. It is a register maintained for Records of Receipts of duty-paid goods and issue thereof. Various details like Name and address of Manufacturer or Importer, Rate and Amount of duty, Quantity, Total of duty, Description, Invoice No. and Date or Bill of Entry and date etc are given in the registe. The amount of duty is verified with the books of accounts maintained and difference, if any, is reconciled.
If the difference is not reconciled, the duty can not, in any case, exceed the credit available as per RG23
09 May 2012
RE23A-Part I)– For receipt, stock and consumption of Cenvatable Input.
Input Credit Account (RG23A- Part II)– For availing Cenvat Credit on Input.
Capital Goods Stock Account (RG23C- Part I) - For receipt, stock and consumption of Cenvatable Capital Goods 5. Capital Goods Credit Account (RG23C- Part II) For availing Cenvat Credit on Capital Goods.
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