TaxTMI 
TaxTMI 
Help to maintain RG-23D
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....elp to maintain RG-23D<br> Query (Issue) Started By: - Asish Kumar Nath Dated:- 12-11-2011 Last Reply Date:- 16-11-2011 Central Excise<br>Got 4 Replies<br>Central Excise<br>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 sale....
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....s 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 gen....
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....erate 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. Reply By Rajat Goyal: The Reply: Ashish, one thing is necessary for understanding the concept...u are liable to pay excise when the goods are clear....
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....ed from ur factory or first stage/second stage dealing depot. So, 1. u have to make excise invoice at the time of clearing of goods.. and make entry for full amount at time of receipt of excise invoice. and if u sale part of the quantity then only pass excise propotionately. 2. if u are a first stage dealer and u hav paid duty on the product, then it is essential when passing such goods, u hav t....
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....o enter the transaction in RG 23D. 3. yes it is correct process. no u wont need to put commercial invoice in ur RG 23D. Rajat Goyal Reply By Asish Kumar Nath: The Reply: Goyal sir, Thanks for your help. Now I need more explaination in this matter. Actully we are trader, we import the material and sale out the same in India. 1.When we import the material is it necesary to entry in RG23D? 2....
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.....Maximum time we import a bulk quantities of different material in single shipment. In this case when we prepare excise invoice maximum time we pasthe CENAVAT partially. So, Shall we enter in RG23D whenever we raise excise invoice along with details of bill of entry. Suppose we Import Item 1---10 kg, 2---10 kg. ,3---10 kg through bill of entry no.123456. At this point there is no entry pass in RG....
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.... 23D. Now we make invoice no. 1 for only item no.2---- for 5 kg and item no. 3--- for 2kg. then invoive no. 2 for item no. 1--- for 5 kg and invoive no. 3--5 kg.In this what should I entry in register. Reply By CA Rajat Goyal: The Reply: 1. If u are a dealer and pay import duty, it is necessary to enter in RG 23D, if u want to pass the duty to your customer... if ur customer dont ask for excise ....
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....invoice, then u wont need to enter it in register... 2. i havnt audit any first stage dealer accounts... but as per my understanding .. there must be a column of invoice no. in the credit (credit pass) side in which u have to mention the invoice against which u r tranferring credit... and whwenever u match the RG 23D this is the equation u must have to follow.. Total duty paid (credit availed/cr....
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....edit that has to be passed) = Credit passed+ credit yet to be passed+ credit foregone for loss of material(normal loss/abnormal loss/ other )(this can not be passed) Reply By BABU.K rao: The Reply: Mr. Asish Kumar Nath, All duty paid goods have to be enter at the time of receipt and issue, even if you not passing the cenvat you have to mention qty of it in RG23D registered, RG23D register is li....
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....ke stock register of duty paid goods.<br> Discussion Forum - Knowledge Sharing ....