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

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.