In India , Excise duty is a tax on the manufactured goods that is leviedwhen goods leave the place of manufacturer . Manufacturer can set offthe duty paid on input materials against their output duty , this procedureis known as central value added tax [CENVAT ] .General ledger for excise duty updation will be assigned in CIN [ IMG ]
under Accounting customization .When ever goods are received , Excise
G/L will be updated for Modvat credit on inputs , RG 23 A part 1 forquantity and part 2 for Modvat credit amount . This register is used formaterial other then Capital Items . For Capital Items RG 23 C Part 1 andPart 2 will be Updated . For Depot receipts and sales RG 23 D Part 1 andPart 2 will be updated .