Scrap balance having in ER-1 so much as compared to Physical stock

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Dear All,

the above subject mention we are having closing balance large quantity in your scrap commodity as compare to physical, and the balance we are carry forward in particular month.

i would like to share my view it is difference of Weighing balances form long time which is we not considering that's the reason differences so much,

so that requested to all, what should i do now? so that balance will tally with physical inventory of scrap.

kindly guide in this matter.

Thanks,

Pradip

AI Summary

Discrepancies in Scrap Balances: Align Physical Stock and ER-1 Forms; Ensure Accurate Weighing to Avoid Penalties. A user raised a concern about discrepancies between the reported scrap balance in ER-1 forms and the physical stock, attributing it to differences in weighing machines used. Respondents advised that the physical stock takes precedence, and discrepancies could be perceived as clandestine removals, requiring documentary evidence to avoid penalties. Suggestions included reconciling differences using daily stock accounts and notifying authorities of adjustments in upcoming ER-1 filings. It was also recommended to explain the situation to the Range officer and ensure proper calibration of weighing machines to avoid legal issues under the Legal Metrology Act.