Value in er 4

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2015 Respected Sir,

We are mfg.er of pharmaceuticals product and clear the goods with paying excise duty to
a)Super-stockist

b)Consignment agent and

c) Depot- transfer at godown (Gujarat to Bhiwandi).

· We are receive Third Party Goods (not involved excise duty) without taking a credit and clear it without paying excise duty at above mentioned destinations.

· Also some third party purchase goods are receive at Bhiwandi Godown and distribute to at above mentioned destinations.

My queries are that,
1.0. Should financial details to be considered base on factory’s Profit and Loss Account only or whole company details to be considered?

2.0. Which value to be considered....for ER4

· Toatl value of inputs Including packing materials used for manufacturing on which CENVAT credit not availed?

· Value of raw material including packing material nad components consumed as per profit and loss account?

· Value and quantity of each major raw material consumed in manufacture of goods?

· Value and quantity of each major manufactured finished goods sold?

· Value of goods exported under bond?

· Value of inputs on which CENVAT credit has been availed and cleared as such...

Sir, i am confused about assessable vale or sale value or purchase value or cost values hence please guide me.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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26 September 2015 You need to pay excise duty from goods cleared from factory to godown defencial value on value addition at the place of godown. If your total excise duty payment is more than one crore then you need to file ER-4, ER-5 and ER-6. You should consult with any professional.