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Excise billing procedure

390 views 2 replies

Dear learned professionals

I have a querry for which I would like your suggestions.

"X" is a partnership firms having a warehouse registered under excise. It purchases goods from factory and,

1. Directly sends it to the buyer from factory itself in some cases

2. Brings to its warehouse and then transfer to buyer in other cases.

What would be the procedure for,

1. Billing to customer

2. If the excise to be collected for the price difference.

3. If the returns to be filed then which periodical basis.

Thanking You,

Mohammad Ayub

Replies (2)

Intrasit sales - invoice may indicate bill to Cusotmer, bill to dealer. Dealer would also raise commercial invoice for agreed amount.

If recived and then sold. Dealer invoice indicating the CE component.

In both cases cusotmer can get the credit.

Returns every 3 months consignment wsie reciept and disposal. 

can anyone provide me all procedure of excise, related registration process , applicability, accounting entries 

actually i dont know about excise 

so pls give me details for that


CCI Pro

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