on 01-31-2008 7:47 AM
I want to know the basic differance between Performa Invoice,Commercial Invoice & Exice Invoice ?
And also one exmple of them for clear Idea ?
I also want to know use of the Exice and Series Group ?
HI,
You can create Proforma Invoice with ref to Order or Delivery,,,,But it doesn't effect the Any Documents,,
It's only Purpose of showing Customs Etc,,,,,,,,,,,
Commercial Invoice:It Effects the All Documets which can be updated after PGI.
Excise Invoice:It can Update the Excise Registers like RG23Dor RG1 Etc.......
Regards
raj
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Dear
1. Commercial Invoice:- When we send good along with we send one challan or invoice for two purpose for road, custom clearance etc and ask for Billing amount of money to customer. when we do create Billing it affects FI for account purpose.
2. Proforma Invoice:- It called Dummy Invoice, it is required only for road clearance purpose but when we create it will not affect to Accounting documents. this type of invoice required at the time of Sample products which we have to send to customer that time he will not pay any things for that it will not effects accounting doucment but for transfer clearance purpose we require Invoice that one is Proforma iNvoice.
3. Excise Invoice:- When stock remove from factory, Depo which excisable Unit they are issue one excise invoice refering commerical and proforma invoice. of excise invoice mention that what are no of material and what is the rate of excise and exciable amount. along with company excise reg no etc. it has 4 copies one copy will go to next concerning person with transportation, one to excise deptt. another two with company for different purpose.
4. Excise Group: when in one are if we have plant and depo which is excisable and have separate Excise Registration No. at that time for purpose of easy access and maintian and for audit purpose we make then one group.it control the series group.
5. Series Group:- All excise invoice created by company but excise invoice numbers range say(100-5000) given by excise deptt. these are maintain in series group. Series group is responsible for maintain and issue of excise invoice numbers.
Arun
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HI,
You can create Proforma Invoice with ref to Order or Delivery,,,,But it doesn't effect the Any Documents,,
It's only Purpose of showing Customs Etc,,,,,,,,,,,
Commercial Invoice:It Effects the All Documets which can be updated after PGI.
Excise Invoice:It can Update the Excise Registers like RG23Dor RG1 Etc.......
Regards
raj
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Dear Parmar
Proforma Invoice - Mostly, in export scenario, this document will be used to file with Customs before removing the excisable goods from factory
Commercial Invoice - For any product you sell, you need to recover money to that extent from your customer. In order to recover that money, commercial invoice will be raised
Excise Invoice - While selling any product from excisable plant, you need to record those items through an excise invoice and submit it to excise authorities on a regular basis
Excise Group
A unit within an excise registration, in India, which keeps its own set of excise records.
Whereas the excise registration reports to the excise authorities, the excise group is a purely internal organizational unit. Each excise group keeps records of all transactions that have to be reported to the excise authorities. When the time comes to present these records to the authorities, the excise registration compiles the information from all of its excise groups.
Series Group
You group excise documents to reflect the way that the excise documents are organized in your excise registrations.
The system numbers each group separately, using a separate number range interval for each.
Example
An excise registration uses various types of excise documents, including outgoing excise invoices and ARE-1s. It creates a series group for the ARE-1s, but because it has so many excise invoices, it creates two series groups for these, one for finished materials, and one for raw materials.
Thanks
G. Lakshmipathi
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