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CENVAT utilization by Manual Journal Entry

Hi All,

Can anybody explain me the process of cenvat utilization by passing Manual Journal Entry.

Please reply fast

Regards,

Abhishek

replied

There is an easy standard: if the item is a component in the BOM, it will be a good candidate for raw material. If this BOM component item can also be sold directly, it is up to you or any regulations to decide whether it belongs to raw material.

Thanks,

Gordon

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