Excise per QTY (Trader ) and cenvat issue

pashya1972

Request to guide in following:

PO is raised for per/qty excise
e.g. Rate 900 per qty
Excise Rs.10 per qty
Total Rate 910 per qty

Vendor Bill details
Rate : 902 per qty
Excise : 8 per qty
Total Rate 910 per qty



In most cases say 90% where material is to be received from the trader at the time of actual receipts excise duty as per po and as per invoice does not matches. There is reason for mismatch , in case of Trader since they are making stocks of various months, rates, imports then at the time of actual despatch based on the purchase invoice he charges excise duty.
The diff in the excise duty in many circumstances is very less e.g. in above case venor has not changed the total rate per qty but based on the stocks available byuing the diff,.occures. Considering substantial volume it may not be possible to amend po each time since total rate is same that too for a 1%.
Also at the time of receipt Stores person pass the bill based on the po and then the bill excise and GR excise mismatches.

Does NAV will pass the diff. if we change the ex.duty at the time of bill passing? i.e. excise rg registers?

How we shd handle this?

Thanx in advance

Prashant

ritesh.singh

Search the forum for "Manual Excise" a detailed discussion is recorded there.