TaxTMI 
TaxTMI 
TaxTMI 
Dear Expert
Excise duty debited through SFIS license while clearance, now how to address this transaction in ER1.
Pls. suggest urgently.
Regards,
Mahesh
Excise duty debited through SFIS license while clearance, now how to address this transaction in ER1
Mahesh Pawar
Guidance on Recording Excise Duty via SFIS License in ER1 Form: Use 'Other Debits' with Notification No. 34/2006 CE. A participant in a discussion forum inquires about how to record an excise duty transaction debited through an SFIS license in the ER1 form. An expert suggests listing it under the 'other debits' column with a remark if no specific column exists. The participant acknowledges the advice but notes that there are only two columns available, one for PLA and another for CENVAT, and asks if they should mention notification no. 34/2006 CE in the payable sheet, indicating the duty rate and duty as NIL. (AI Summary)