MANOJ JAIN (ASST. ACC. MANAGER) (59 Points)
09 May 2012Dear Experts
Can you tell my which document & register required to maintain for excise perpose & which resgister need to maintain for goods recevied for reparing & duty payable on cost of new parts.
Thanks & Regards
Manoj K Jain
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 17 May 2012
1st of all you have to determine that the process undertaken by you entitled under manufacture or not,
if its manufacture, then you have to discharge the duty on clearance value of whole consignment,
a simple register of inward / outward entry of goods received and issued with value/ quantity and party details is enough with mode of clearance of scrap generated is sufficient.
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