Consolidated GRN and CENVAT against for bulk quantity of duty paid goods received in a day- reg

[vinay wakde]

We are receiving Excise duty paid Raw material through trucks. The consignments received by us per day are around 20 to 30 trucks. kindly let us know whether we have to prepare GRN (goods Receipt Note) consignment wise separately and also have to take CENVAT credit separately against each and every duty paying document received by us or single GRN per day can be prepared for consolidated quantity received in a day and accordingly take consolidated CENVAT credit based on Annexure to the duty paying documents.

Regards,

VINAY

[Madhukar N Hiregange]

In my opinion GRN maybe consolidated. However the reconciliation statement maybe insisted by the dept.

Individual credits need to be maintained as the reference numbers would be different and may not comply with CCR and Annexure 10.

[MUKUND THAKKAR]

Dear Vinay,

if you are generating consolidate GRN and letter on any rejection is their who you can corelate details.? according to me it is advisable to make different GRN for each and every vehicle to avoid future problem.

AI Summary

Consolidated GRN: may be allowed but preserve individual CENVAT references and reconciliation to ensure compliance. Consolidated GRN preparation for same day duty paid receipts may be used, but individual CENVAT credit entries and a reconciliation mapping must be maintained because each duty payment document has distinct reference numbers; failure to preserve document level references may breach CCR and Annexure 10 requirements. To avoid correlation problems on rejection or audit, vehicle wise GRNs are advisable.