Monthly Utilization Reversal

[Former Member]

Dear All,

Is there any possibility to reverse monthly utilization (J2IUN).

Please respond as early as possible.

Thanks in advance.

[Former Member · Accepted solution]

Hi

It is not possible to reverse the documents posted through J2IUN as it would have cleared the payable amount. You need to apply for credit with the excise department for taking back the amount that has been expunged through J2IUN.

Alternatively, you can cancell the excise invoices and apply for credit on those cancelled invoices. When you cancell the excise invoices, entry will be posted to Cenvat suspense account and ED payable account, which can be reversed but not in excise books.

Regards,

Lakshmanan Krishnan