Dear All,
In our business process goods are manufactured in the excisable plant and transfered to the non excisable plant for further processing. while the goods are transfered the excise component is getting added to the finished goods G/L only but the same is not getting added to the value of the material.So when the same material is issue for the subsequent production process or sold the value of the same material is without excise duty. As per the statute the stock of the finished goods should be valued including the Excise duty paid on that.
In this regards we are not able to find where we are going wrong .hence please advice how to resolve this issue.
Regards,
Ayush