Central Excise General Procedures Overview

By Madhav Wagle

1. Registration

2. CENVAT / Service Tax & Capital Goods Credit

3. Day to day records

4. Legal compliance of rare but important transactions

5. Periodical returns

Application aces.gov.in.

• Oranisation name , Status -Ltd Or Private Ltd .• Name , Addresses, Phone . Email & Mobile of the

proprietors , Owners or directors.• Registered office & Production plant Address ,Phone,

email. • Apply for registration.– Visit of C.EX. Spud for premises

verification. Max 30 days period • Apply for PLA • After getting license, inform Central Excise Range &

Division - Financial year & Invoices start numbers & approximate Invoices to be used for example For Dutiable 00001 to 99999 & for export Exempted EXP0001 TO 9999

Daily records

• We have to declare of all records which are maintained by our organization.

• CENVAT Register with all details ,RG23A part II (inputs & Service tax credits), RG23C part II (capital goods credit -50% in running financial year & 50% after April in next financial year of GOVT )

• Daily Finished Product Stock register ( Previously known as RG1)

• Daily RM / INPUTS registers ( OB – Receipts – total – Issues – CL Balance )

• Production Plant has to give issue slip of INPUT material to WH / Taxation

• They have to keep records of Input used & finished product produced from the same

• Production has to transfer finished goods on hard or email copy to WH / Taxation Dept

Monthly

• Before 5th of every month duty payable of last moth is to be debited in RG23 A & RG23 C Part 2

• Duty balance of last day is to be considered for debit• Balance duty is to be credited by TR6 Challans in Bank

before 5th & debited before 5 th of next month . ( IF 2ND 3RD 4TH & 5TH ARE holidays then on 1st )

• In March on / before 31st

provision to write off

• Duty payment equal to CENVAT credit on inputs on provision to write off value of such inputs from books of accounts as per Rule 3(5B) of CCR 2004.

• Write off data is received from Finance Dept. (Data comprises write off of value on Inputs, SFG & FG which are more than 365 days old)

• Sort write off data related to inputs only. Assemble the respective CENVAT credit availed on such inputs and arrive at duty payable.

• Duty to be debited before end of the month & again credited

• Utilization / Debit of CENVAT for payment of duty on goods if removed as sample, scrap, Input as such and keeping track of the same.

• Immediate payment better Or on or before 5th next month

Other scrap Eng Packing of inputs• Pay duty an amount equal to 6% of value of scrap sale (except

inputs, FG) as per CENVAT credit Rules, 2004• Immediate payment better Or on or before 5th next month

ER-1 (Monthly)

• 10th day of following month . Upload in “aces.gov.in.”• Details of FG -opening, production, removal (sale/transfer) and

closing of all the goods chapter id wise and duty payable thereon and details of CENVAT credit – opening, credit availed, utilized and closing balances of various Excise registers RG23A (inputs), RG23C (capital goods) & PLA to be submitted.

ER-4 (Yearly)

• By 30th November of succeeding financial year Annual Financial Information / Statement . Upload in “aces.gov.in.”

• Manual return in a format - Annual financial information statement / Form.

Madhav Wagle - Consultant – Mobile +919923085186

Retired Senior Manager Logistics Total experience of 36 yearsWorked with :M/s. Colour Chem Limited – German MNC – 27 YearsM/s. Clariant Chemiclas India Limited – Swiss MNC – 6 YearsM/s. Archroma India Pvt. Ltd. – American MNC – 3 YEARS

APMH is a leading Chartered Accountant & consulting Firm in Mumbai with it's network spread Pan India for VAT, Service Tax and GST consulting. This is an ideal consulting, audit, outsourcing and Company Secretary firm for Corporate Houses, Multinationals, SMEs and Startups. Our objective is synergizing the expertise with information technology, in order to enhance the service delivery with a strong client focus.

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