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author's profile photo Former Member
Former Member

excise utilisation

Hi all,

During MIGO, i have captured and posted the excise duty.

after this process, what are the steps to be followed for the utilisation of excise in J1IUN transaction.

Regards,

velu

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    author's profile photo Former Member
    Former Member
    Posted on Apr 11, 2008 at 03:20 PM

    Hi,

    Utilization of CENVAT scenario is used to calculate how much excise duty you must remit to the authorities. Legislation requires you to remit excise duty monthly. Companies are allowed five days to remit the excise duty, except for the month of March.

    Once the report has determined how much you have to pay, it allows you to specify where the money should be paid from – whether it should be deducted from the CENVAT credits that you have accumulated in RG23A Register or RG23C Register, or whether it should be deducted from the personal ledger account (PLA). You have an option to select the appropriation amounts as required.

    Regards,

    Sandeep

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