Excise - Balance qty, showing wrong in RG 23 D and in J1iJ
We have issue with respect to the Excise records inventory movement. and this started happening for no reason in last month.
The balance of inventory in the Excise records is not getting exhausted as and when invoicing is done.
If XYZ batch inward through GR is 100KG on 1st Jan
Issue through invoice on 2nd Jan is 10Kg
Ideally the status of this product batch in excise records should be 90Kg
after invoicing on 2nd. This is not happening. The balance is still showing
This could create wrong batch selection in invoice for excise and the
excise records is not showing the correct movement. This could create
problems in statutory compliance.
Can someone tell me why this is happening and what needs to be done?