ER-4 RETURN

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..... ER-4 RETURN
Query (Issue) Started By: - Neeraj Sharma Dated:- 24-11-2015 Last Reply Date:- 24-11-2015 Central Excise
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Central Excise
Dear All, Can you tell me in what quantity & value will come of Finished Goods in ER-4. Is as per ER-1 or Balance sheet notes on account? & what value for example assessable value or actual inventory value? Reply By Rajagopalan Ranganathan: .....

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..... The Reply: Sir, As per column 3 (1) (a) of E.R. 4 format total value of inputs including packing materials and components used for manufacturing on which CENVAT credit availed (value as per purchase invoice or import document excluding all taxes). As per Column 3 (ii) of the same format value and quantity of each major raw material consumed in the manufacture of goods is to be given separately .....

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..... and distinctly for each major raw material consumed on the lines of Sl. No. 3 (ii) (a) (1) of Part II of the Schedule VI pertaining to section 211 of the Companies Act, 1956 (1 of 1956), i.e. each such raw material which in value independently accounts for 10% or more of the total value of the raw materials consumed. Here also the value is excluding the all taxes payable since credit of the same i .....

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..... s availed by you. As per column 4 (i) total Sales value (Gross) is to be provided as per Profit & Loss account (ii) Value and quantity of each major manufactured finished goods sold, as clarified in Note 3 to the para 3 of Part II of the Schedule VI pertaining to section 211 of the Companies Act, 1956 (1 of 1956) is to be given. All the values are excluding the taxes payable/paid. This is my op .....

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..... inion.
Discussion Forum - Knowledge Sharing .....

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