Goods Received Note

[SURYAKANT MITHBAVKAR]

we are registered under Central Excise Act, we are giving instruction to our supplyers to direct deliver Raw Materials to our job workers in this case can we entered the same materials in our store record as stock on basis of suppliers documents while material is delivered directly in our job workers.

[Rama Krishana]

It depends upon your accounting policy. As per excise procedures, you can avail the credit of duty paid on inputs only after actual receipt of material in your factory premises. Since the material is not received by you, you can not avail credit as long as material is pending with the job worker. Regarding maintaining stock and control over stock with the job worker, you may keep any record as per your policy.

AI Summary

Clarification on Central Excise Act: Credit for duty paid on inputs only after receipt at factory, not with job worker. A query was raised regarding the recording of raw materials delivered directly to job workers by suppliers, under the Central Excise Act. The issue was whether these materials could be entered into the company's store records as stock based on suppliers' documents. The response clarified that credit for duty paid on inputs can only be availed after the materials are received at the factory premises. Since the materials are with the job worker, credit cannot be claimed. Companies can maintain stock records as per their accounting policies.