Hi, I need an advise over consignment process
Our Logistic Department has created Sales Order With Consignment Fillup (Item Category - KBN) done PGI and ProForma Invoice. There is an accounting entry for Excise Duties
Tax Excise Duty Pid A/C- Debited and
BED - Credited
ECS - Credited
HES - Credited
what will happen of these duties if there are no Consignment Issue or Return for the next 90 Days? Becouse as per my knowledge Excise duties need to be utilized within 90 days after invoice.
Is this possible to return this material in any other way so excise can be reversed?
Please give your valuable suggestions..
Thanks
SUDIP SINHA