Excise duty debited through SFIS license while clearance, now how to address this transaction in ER1

[Mahesh Pawar]

Dear Expert

Excise duty debited through SFIS license while clearance, now how to address this transaction in ER1.

Pls. suggest urgently.

Regards,

Mahesh

[Suryanarayana Sathineni]

Dear Friend,

It would be appropriate to show this in other debits column with a remark to that extent , if there is no relevant column to show this specific amount of debit made through SFIS

Best Regards

Suryanarayana

[Mahesh Pawar]

Dear Expert,

Yes, but there is only 2 column, 1 for PLA and 2nd for CENVAT in duty paid sheet.

Can need to mention notification no. 34/2006 CE in payable sheet and duty rate and duty is NIL.

Pls. suggest.

Regards,

Mahesh

AI Summary

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.