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Scrap balance having in ER-1 so much as compared to Physical stock

Central Excise - Started By: - Pradip Sirsat - Dated:- 7-10-2015 Last Replied Date:- 10-10-2015 - Dear All,the above subject mention we are having closing balance large quantity in your scrap commodity as compare to physical, and the balance we are carry forward in particular month.i would like to share my view it is difference of Weighing balances form long time which is we not considering that's the reason differences so much,so that requested to all, what should i do now? so that balance .....

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evidence. Otherwise you have pay not only the duty and also to pay penalty equal to duty payable on excess stock. - Reply By ashish chaudhary - The Reply = If difference can be reconciled based on Daily Stock Account maintained, suggested to adjust the same in the upcoming ER-1 under intimation to department. - Reply By Pradip Sirsat - The Reply = Dear Sir,thanks a lot sir,can you tell me how to adjust in upcoming ER-1,as we are maintaning RG-1 for scrap in excel sheet.i ma waiting for your rep .....

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rsat - The Reply = Dear Sir,Thanks a lot sir, i am really appreciated to you,i ma giving following reason it may accountable to mismatch stock for RG-1 and physical.1 ) one is weighing balance difference,i.e. we are taking weigh on weighing machine that is capacity maximum 100 kg while arising scrap and at the time scrap clearance we used 'DHARAM KATA' that is the reason differences come out and since we started business we could not reconcile.2) second is regarding some commodity we ret .....

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