on 10-17-2008 1:50 PM
Hello Experts ,
In Material Master or J1id , do i have to maintain output material type??
If yes ... picture this ...
My client has 2 lac raw material , which can be interchangeably used to produce 1lac finished goods.
One particular material can be used to make more than one finished goods . Can I ...
1. Define a dummy finished material & put it as output material type in material masters for all ROH materials?
2. Put any arbitrary finished material as output type for ROH ?
3. Can i by any means put more than one finsished materials for one particular raw material in masters?
Pls pass the gyaan
Thx
Rgds,
Anis
hi
yes u have to put the finish matrial to avail credit
if ur using material with multi finished goods then u can use a default indicator for mod vat
Default Indicator for Modvat
Companies are required to file with the Excise authorities, a list
containing the excisable finished products manufactured and the
excisable input materials required for such production, to avail Modvat.
It is possible that an input material may be used in the production of
more than one finished product. However, if such a material is mainly
used for the manufacture of a particular finished product then the input
material is identified to be the default material. The default indicator
is marked for such material.
for example go to J1ID hers go to cenvat deter click on the indicator tick and press F1 u will get the idea
hope it clears
regards
kunal
Edited by: kunal ingale on Oct 17, 2008 2:57 PM
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Hey experts .. any answers ????
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put default modavt indicator , 100 raw mat to make 1 FG--A . put any od of this 100 roh and FG maintain modvat indicator tick.
now the same is done for 100 rom mat for Fg--B, maintain anyone of the roh from the remaining 99 roh mat , maintain one of the roh and FG --B and tick it modvat indicator
ok
hey kunal !
thanks as always ...
My clients is a make to order scenario...
n the raw material is highly generic ...
assigning any particular finished goods is not fine...
A) Can u tell me where does this output type material hv implication in mandatory excise reports /forms ...???
And also does this o/p mtrl have any accounting effect??
As i understand .. while filing annual returns (ER6) the client (manufacturer) has to show that X units of raw material was used to produce Y units of finished goods. This is just a snapshot n contains no details.
There r basically 3 classes ( material grps ) of finished goods produced from 4 classes ( material grps ) of raw material .
Ref to point A, if there r no a/c financial implications of the field , can i assign any arbitaray or dummy o/p mtrl ???
Hope i have made my "q" clear ...
pls guide ...
Regds ,
Anis
Rgds,
Anis
Edited by: anis bazmi on Oct 17, 2008 3:56 PM
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