Dear Experts,
If i removed Capital Goods as such from my factory then where should i show this in Excise return i.e. ER-1 and after payable either it will be adjusted by Cenvat or paid by PLA.
But the issue is what is the exact way to show payable figure in ER-1
Clarification Sought on Reporting Capital Goods Removal in ER-1 Form: Cenvat Credit vs. Personal Ledger Account Payment A participant in a discussion forum raised a query about the correct method for reporting the removal of capital goods from a factory in the Central Excise return form ER-1. They sought clarification on whether the payable amount should be adjusted through Cenvat credit or paid via the Personal Ledger Account (PLA) and requested guidance on accurately reflecting the payable figure in the ER-1 form. (AI Summary)
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