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CAPITAL GOODS CENVAT FOR 2007-2008

Former Member
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hi,

This is with reference to Cenvat of Capital Goods I.E.50 % of 2007-2008,We have uploaded balance on 16 th Nov-2007 & now this balance we haveto utilize in current year. What will be the procedure for Excise & Finance Record. ?

Please give the detail procedure & also note that we have done J2I8 for the period 16 u2018th Nov-2007 to 31u2019st Mar-2008

regards

ssp

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Answers (2)

Answers (2)

Former Member
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J2I8 transaction code- give comp code, excise group, plant. then execute

you will get list of vendor excise invoices

you check required excise invoices and click on 'transfer credit'

you will get entries in RG23C part 2 register.

Former Member
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Hi Srinivas,

Through Tcode: J2I8 (Transfer excise duty to CENVAT account), you will transfer the credit of 50% for utilization. Once you transfer, then system will create an accounting document and it will get updated in your part2 register and it will be available for utilization.

Thanks,