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Former Member
Mar 06, 2013 at 10:03 AM

Excise question?

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Hello Experts....

Today, I may be asking a very basic question of Excise and please forgive me for that....

User has done one excise invoice of Rs21000 approx. and which was not correct so he has done the excise JV of 1200 approx. But, when he is doing the MIRO he can only see the excise clearing amount as Rs21000 and not Rs.1200. We can't see additional amount of Rs1200 posted as excise JV but that amount has been posted to the Modvat Clearing A/c as credit in JV.

My question are:

1) When and how shall we post the Rs1200 as Modvat Clearing account Debit?

Please reply it very urgently.....

Thanks in advance...

Thanks and Regards

Sachin