on 07-22-2012 1:41 PM
Hi,
Please clarify whether cenvat utilization happen in exports(bond,no bond/rebate,lou)
- As i know accounting doc where not generated for bond and lou what can be the reason
bond and lou what can be the reason
Because, the amount in the above case will not be posted to FI
@ Vishnu
excise duty components in the excise invoice are statistical.
One correction to your comment. In case of Rebate, amount would be posted to FI
G. Lakshmipathi
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Dear mudunuri,
There is nothing called utilization in the case of exports because the excise duty components in the excise invoice are statistical. So the creation of bond will not create any accounting documents.
There will not be any accounting document for the invoice which is meant for export. If any reversal comes then only comes the accounting entry. Reward if useful.
regards,
Vishnu
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Hi
Please note that system will not create accounting document for Bond
and LOU. Only when there is a reversal of duty required will there be
an accounting document generated.
There will not be any accounting document generated for the the invoice
type Deemed, Export under Bond and LOU.
Please note that when the country of the Ship to Party is not India or
the document currency is not in INR then system will treat the invoice
as export.
Regards,
Rajasree
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