we produce X in our manfacturing plant
bill of material for X is x1 and x2
x1 and x2 are excisable items. x1 procured from local manufacturer. x2 is semifinished material from subcontractor(a,b are the bill of mateials to be provided to sub con ven to prepare semifinished x2)
After producing X, we sell in market.
For the above scenario, please give outline overview of as to how excise entries and registers to be maintained from purchase of raw material to selling of finished goods.
Please explain with simple example