FIFO-based indigenous material stock disclosure requires excise-duty proof, procurement particulars, disputed assessment details, and certification against refund claims. Indigenous-material stocks held three months before shipment or first shipment must be disclosed on a FIFO basis, including procurement and gate-pass ... Summary
FIFO-based indigenous material stock disclosure requires excise-duty proof, procurement particulars, disputed assessment details, and certification against refund claims.
Indigenous-material stocks held three months before shipment or first shipment must be disclosed on a FIFO basis, including procurement and gate-pass details. Only excisable items supported by proof of Central Excise duty payment are included. Required information covers material description, quantity, value, duty rate and payment, supplier, stock position, disputed or protested assessments, and refund applications. The authorised signatory must certify accuracy and confirm that no duty-refund claim has been or will be made for the listed materials or components, with independent accountant attestation.
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