Understanding the ER-1 Report
You use the ER-1 Report Print program (R75I391) to print the details of the duty paid on excisable goods, CENVAT credit claimed, and interest payments for the business units. The ER-1 report is a monthly report. The statutory requirement requires every assessee to submit a monthly return of the production and removal of goods and other relevant particulars to the Superintendent of Central Excise within a particular period. As per the notification number 15/2008 of Central Excise, the government requires you to print opening stock at the start of the month in the ER 1 report.
The ER-1 Report Print program displays the opening and closing balances for a particular item for a specific period in the section Details of the Manufacture, Clearance and Duty Payable, in the 3a and 5a locations.
The ER-1 Report Print program displays the opening balance, credit taken on imported input goods, and credit taken on imported capital goods for CVD, CVD Cess, and CVD HCess under Section 8 of the report. The system displays the CVD amounts by adding them to the corresponding balances under CENVAT column, CVD Cess amounts by adding them to the corresponding balances under the Cess on Excisable Goods column, and CVD HCess amounts by adding them to the corresponding balances under the Secondary and Higher Education Cess column under Section 8 of the report.
The JD Edwards EnterpriseOne system does not populate the following rows in the Details of CENVAT Credit Taken and Utilized section of the ER 1 report:
Credit utilised for payment of amount in terms of Rule 6 of CENVAT Credit Rules, 2004 (at serial number 13)
Credit utilised for other payment (at serial number 14)
You must manually enter data for these rows.