Requirement of Excise Invoice for Captive Consumption

[Ashish Bansal]

Dear Experts,

Please, suggest whether goods used as captive consumption require any excise invoice or we can consume it without raising any excise invoice ?

Regards

Ashish

AI Summary

Excise Invoices Not Required for Captive Consumption if Duty is Nil: Maintain Internal Records per Central Excise Rules 2002. A participant in a discussion forum inquired whether excise invoices are required for goods used for captive consumption. Experts responded that under the Central Excise Rules, 2002, there is no specific requirement for issuing an excise invoice if the duty payable on captively consumed goods is nil. It was noted that manufacturers could maintain internal records for accounting purposes. If the final product is subject to excise duty, no additional duty is needed, but records should be kept. If not, excise duty must be calculated and invoiced. The discussion emphasized the importance of maintaining proper documentation.