Trading in excisable manufactruing unit

This query is : Resolved

Anil (Querist)
Follow

11 June 2012 We are the manufacturer of Corrugated Boxes having Excise registration. we purchase the finished good from any party (Which is not Excisable Unit). We want to sale these Boxes. Can we do trading of Boxes by other bill book or only by Excisable bill? What entry will be done in RG I for those Boxes, if Excisable Inv. will made?

Lalit Tomer

Lalit Tomer (Expert)
Follow

11 June 2012 yes u can trade boxes but one bill boook shoul be use at one time so u cant use another bill book.

Anil

Anil (Querist)
Follow

13 June 2012 Thanks, But what entry will be done in RG 1 for those boxes? and where we would seen that sale in ER-I, because these boxes are not our manufacturing?

Upgrade to CAclubindia Pro. Subscribe Now!

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
Follow

14 June 2012 These traded boxes shouldbe entered only in the stock register and not in the RG-1 maintained by you.
In the excise invoices the fatc that the same is only a tarding transaction shouldbe made clear.