Differance Between Invoice..

[#1]

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 ?

[Lakshmipathi]

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

[Former Member]

thanx

for ur answer..

[Lakshmipathi]

Dear Parmar

If your question is answered, close the thread and reward points to contributors.

Thanks

G. Lakshmipathi