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

Recording excise duty debited via SFIS license: disclose as other debits in returns and remark nil if notification applies. Record the SFIS licence debit in ER1 as an other debits entry with a remark identifying it as debited through the SFIS licence if no dedicated column exists; where a notification renders the duty nil, indicate the notification in the payable sheet and show the duty rate and duty as nil, ensuring a specific remark for audit traceability and reconciliation.