Dear Sir,
Can we remove the excisable goods from the factory on the Next day of the invoice date( In that case the date and time of removal on the invoice will be shown as actual date of dispatch).Is there any compulsion in the excise Law to remove the goods on the same day invoice is made.
e.g
goods are invoiced on 26/09/11 . The stock is redueced accordingly in the computerised system.
Goods are physically dispatched on 27/09/11 with the date and time of removal shown in the invoice as 27/09/11 and date of preparation is shown as 26/09/11
Time limit for dispatch after invoicing affects excise compliance - notify authorities or cancel and reissue invoice if dispatch delayed. The issue is whether excisable goods must be dispatched on the same day as invoice preparation or may be removed later if the invoice records the actual removal date and time. The discussion indicates practice-based measures: notify excise and VAT authorities if dispatch is delayed, or cancel and reissue the invoice where goods are not dispatched within the commonly referenced short interval after invoicing. No specific statutory provision or circular is cited in the forum to conclusively fix the permissible interval. (AI Summary)