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TMI Blogtreatment of Scrap Finished Good stock in Rg-1X X X X Extracts X X X X X X X X Extracts X X X X ..... treatment of Scrap Finished Good stock in Rg-1 X X X X Extracts X X X X X X X X Extracts X X X X ..... we are having manufacturing unit and my query is that 1) Manufactured stock produced on 1.5.15 and we had given effect in Rg-1 as well as Excise Filed Return but after 2 month unsold stock which ar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e being damaged on 25.7.15 and we have scraped that material physically but in RG-1 and production register in which treatment should be shown how to reduce production qty. ? pls. suggest ..... rega ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rds, Manan pandya Reply By Rajagopalan Ranganathan: The Reply: Sir, Deduct the damaged stock from finished goods folio and add the same to scrap folio of your R.G.1 and peoiduction registers. Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply By YAGAY AND SUN: The Reply: Dear Manan, If required, before transferring it to scrap folio, please go for remission of duty from the Jurisdictional Authorities since goods are not fit for sale/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... removal. Regards, YAGAY and SUN (Management, Business & Indirect Tax Consultants) Reply By manan pandya: The Reply: thank you sir, for your reply. Reply By manan pandya: The Reply: sir, if i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... do deduct stock from my finished goods stock and same to generate mfg. /prod. of scrap in RG- 1 in that case should i show less Production in current month in ER-1 ?AS a stock adjustment in to Mfg. ? ..... X X X X Extracts X X X X X X X X Extracts X X X X .....
pls. clear my doubt.
regards,
Manan Pandya X X X X Extracts X X X X X X X X Extracts X X X X
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