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Jan 09, 2013 at 09:27 AM

Material wright off & excise duty during wright process

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Hi,

I have one SEG xxxx1 it requires the mat1 100 m2. The mat1 is plate so shop flour people only uses 95 m2. Then remaining 5 m2 is taken from shop by 262 m2 which is scrap. then in MB1a executes 551 & declare as a scrap.

After that i want wright off that material and sale that scrap. Please tell me sale process, JV process and what happen about excise duty.

Regards,

Avinsh Kadam