Goods Received Note, Central Excise

[SURYAKANT MITHBAVKAR]

we are registered under Central Excise Act, we are giving instruction to our supplyers to direct deliver Raw Materials to our job workers in this case can we entered the same materials in our store record as stock on basis of suppliers documents while material is delivered directly in our job workers.

Posts / Replies

[Rama Krishana]

It depends upon your accounting policy. As per excise procedures, you can avail the credit of duty paid on inputs only after actual receipt of material in your factory premises. Since the material is not received by you, you can not avail credit as long as material is pending with the job worker. Regarding maintaining stock and control over stock with the job worker, you may keep any record as per your policy.