Hi
I am a manufacturer of sweets and only ONE of our products from a portfolio of 100 products comes under excise. Now when i send this particular product to my store from my factory (place of manufacture) i plan to transfer it via the stock transfer route. My question is how do i account for this excise in my books. Can someone help me with the exact accouting entries. I cant raise an excise invoice at the shop level as only one product is under excise. Hence advise the safest procedure to be adopted. Thanks !!
CAclubindia
