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 ..... Res. Sir, 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 are 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 .. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ... regards, 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. - Reply 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 goo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds are not fit for sale/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 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in ER-1 ?AS a stock adjustment in to Mfg. ? pls. clear my doubt. regards, Manan Pandya - treatment of Scrap Finished Good stock in Rg-1 - Query Started By: - manan pandya Dated:- 14-8-2015 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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