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Former Member
Dec 19, 2008 at 07:38 AM

Excise in stock transfer

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Hi All,

I am facing a problem with excise duty in stock transfer.

The (STO) scenario is

1) Ordering plant (A)

2) Suppling Plant (B)

PO ME21n (A) --> Del VL10b (B) wrt to PO --> Sales billing (B) --> GR (A) wrt Del --> J1IEX (A)

Now at the end of financial year amount credited in cenvat clearing account at the time of J1IEX is as it is

We are not doing IR for STO.

And at the time of GR (MIGO) there is no accounting entries.

How can I clear this Cenvat clearing acccount.

Thanks and Regards.

Prakash T.