Dear Friends,
Ours is a manufacturing company and we are importing coal from
outside. We are paying CVD on the coal imported and utilizing the same
against our excise liability payable on the finished product.
However, from next month we intend to sale a small part of the coal
imported to a party directly from the port (the coal would be sold
directly from the port and will not be brought to the plant)
Kindly provide the excise treatment in the books of account and
whether we need to inform the department about the same.
Regards
CAclubindia
