Finished Goods & Raw Material ( Inputs)

[sukhvinder singh]

Respected all,

 

i am working in a manufucturing company. i have two question related to Finished goods & Raw Material ( Inputs):-

1.  When we take a entry of finished  goods in RG-1 & due to some problem material needs reproced. then whats its procedure please tell me with an exmple.

2. When we take entery of raw material in stock  register & due  to some problem material ( Lackage ) then what its procedure to issue this material in stock register & what can  do when we take credit on this full material in RG23APart-ii.

 

Please Advise me how to slove this problem.

 

Thanks & Regards

 

 

[YAGAY and SUN]

In both scenario, you would have to intimate jurisdiction Range Superintendent of C.E. via www.aces.gov.in and after that you can do the needful.

AI Summary

Notification to Range Superintendent required before reprocessing finished goods or adjusting credited damaged raw materials under excise rules.
When finished goods entered in RG-1 require reprocessing, and when raw material recorded in the stock register is deficient or damaged after credit in RG-23A Part II, the manufacturer must intimate the jurisdictional Range Superintendent of Central Excise via the ACES portal and thereafter effect the necessary stock and credit adjustments.