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May 23, 2009 at 02:49 AM

Excise JV for Subsequent Credit

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Hi all,

The scenario is -

PO quantity - 10 PC -


RS 1000 Per PC

Total - Rs 10000

BED - Rs 1000

EDcess - Rs 20

SHEcess - Rs 10

Total PO value- - - - - - - - Rs 11030

GRN and excise invoice is captured and BIll valuation is also done.

Now we are entering Subsequent Credit for RS 2000 (quality of product is poor)

Entries in MIRO for subsequent credit:

Dr - Vendor - -2206

Cr - Material - -2000

Cr - Cenvat clearing - 200

Cr - Cenvat clearing - 4

Cr - Cenvat clearing - 2

How do we make this adjustment for Excise. Where can we enter this in J1IH? it has to reverse the register entries by the corresponding values of subsequent credit. will it appear in Cenvat register?

Thanks in advance,