Excise duty on stock transfer

gupta (Accountant) (305 Points)

04 July 2016  

Dear Sir,

We are a manufacturer of furniture. We have two unit with separate excise regn. We have transferred some of our stock from one unit to another unit , we have deposited the requisite excise amount. 

Now my querry is --- 1) How I show the amount in ER-1 in Unit -1 ( From where stock has been transferred ). and also

                              2) How I show the amount in ER-1 in Unit -2 ( Where the stock has been transferred) -- We have to take modvat credit on the excise duty amount in this unit.

Awaiting your guidance as early as possible as return date is next week.

Regards

Jayanta