Reversal of excise duty

[former_member221515]

Hi,

I have taken credit of exicse on raw-material at the time of MIGO (i.e. GRIR).

But while issuing that raw material, i have issued it to non-exciseable (excise exempted) project.

Now as per excise law, the excise credit taken at the time of MIGO (GRIR) needs to be reversed.

Let me know how to reverse the credit of excise taken. Will it be manual excise reversal ?

[former_member182489 · Accepted solution]

go to j1iex and reverse exc amt

[Former Member · Accepted solution]

Hello!

To reverse the credit taken we need to pass a JV through J1IH.

If u try to cancel the invoice through j1iex , u will have to reverse the material document , which in your case is not the requirement .

Hence J1IH - Other adjustments is the solution

Regards

Anis

[former_member221515 · Accepted solution]

Will it be hold good when the case is viceversa i.e. at the time of GRIR, i have not taken credit and then i issued to exciseable projec. So here i can take credit of the excise credit.

[Former Member · Accepted solution]

Hi,

Will it be hold good when the case is viceversa i.e. at the time of GRIR, i have not taken credit and then i issued to exciseable projec. So here i can take credit of the excise credit.

Ans : you can take credit thru J1IEX or J1IH - Additional Excise

Regards,

Vikas