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Former Member
Dec 30, 2007 at 11:35 AM

Excise JV- Incorrect material classification in J1ID


Hi all

I have a scenario where a material has been created as an Asset in J1ID by mistake. The entire procurement cycle i.e ME21N, J1IEX, MIGO and MIRO are complete. Now it is realised that the material should have been created as a Raw Material in J1ID. Hence, the entry has been posted as under-

Cenvat on Hold Dr 1648

Cenvat Capital Goods Dr 1600

ECS Cap Goods Dr 32

HCESS Cap Goods Dr 16

Cenvat/CVD Clearing Cr 3296

Wat is the correction option in this case? Can i pass an excise JV here? If yes, which option in J1IH?

Thxs in advance