Help to maintain RG-23D

[Asish Kumar Nath]

Dear Sir,

As per the excise rules RG-23D is mendatory to maintain. I am going to handle the RG-23D first time. I want to know--------

1.Shall we make a entry at the time of Sales only. I mean just after the generation of sales invoice shall we entered the received part for the quantity we sold and then issue part for the same quantity?

2. Generally we pass the CENVAT to our customer. Now my question is if we don't pass the CENVAT to our customer , shall we enter the transaction also to RG-23D?

3. When we passout the CENVAT we prepare separate invoice for Excise along with our commercial invoice otherwise we only generate commercial invoice. Is it the correct process? If correct shall we put the commercial invoice no. only to RG-23D?

Please it's very  very important to me. If any body help me out in this regard , I shall be greatfull to him.

 

Asish Kumar Nath.

AI Summary

RG-23D register entries required at goods receipt and issue; record duty-paid stock and CENVAT pass-through status.
RG-23D is mandatory for recording receipt and issue of duty-paid goods, with entries at receipt and at clearance; an excise invoice must be issued at clearance. If CENVAT credit is passed to customers the transfers must be recorded in RG-23D with invoice reference, but even where credit is not passed quantities of duty-paid goods should be recorded. Imported duty-paid goods should be entered on receipt if the dealer intends to pass credit. The register should allow reconciliation so total duty paid equals credit passed plus credit yet to be passed plus credit foregone for losses.