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excise credit on purchase return

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(Querist)
18 February 2010 purchase goods worth Rs.7500/- for 3 Nos.

Paid for the same Rs.8694/- (i.e.including Excise & VAT

Now if we return 2 Nos. only by way of issuing Debit Note for Rs.5000/- only, whether we can take Excise credit on returned goods
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
19 February 2010 The inputs used in or in relation to manufacture only are eligible for credit. Goods which are returned are not eligible unl;ess they are repaiered/ reprocessed and received back.
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ajay taneja

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ajay taneja (Expert)
02 June 2010 No, u can not take credit on returned goods. u have to reverse the duty of 2 no.'s




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