RG1 & Movement Type ( CIN )
In Logistics General -> Tax on Goods Movement -> India -> Business Transactions -> Incoming Excise Invoices -> Specifiy which movemnt types involves Excise Invoices; we maintian settings for Movement Type & Excise registers.
What is the effect of settings mentioned here on RG1 register? If relevance for movement types in RG1 is dedetermined from here, why movement types 701 / 702 ( Physical Inventory difference) are not maitained here? Don't these movement types have any relevance on RG1?
Sunil G replied
Normally we maintain a separate storage location Bonded Stores for all RG1 material. The RG1 will be updated when material is moved from production shop floor storage location to Bonded store by 311 movement type. Dont do any physical inventory directly from this store. First move the material from Bonded store and then do the physical inventory. When material is moved from Bonded store RG1 is updated.