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Cancelled Invoices

Deeps (Article Assisstant) (2485 Points)

20 January 2010

In case of Manufacturing concerns if there is any cancelled invoices should it be informed to Excise Authorities ?

If yes pl. also show the Rule to it.

Thanks in advance :)

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2 Replies

CMA Ramesh Krishnan (Cost & Management Accountant) (71464 Points)
Replied 20 January 2010

Hi Deepika

Cancelation of Excise invoice shoud be intimated to Range Suprintendent on the same day if possible.In exceptional circumstances, intimation can be sent next day. This only as per administrative instructions and there is no such provision in rules

Thank you

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CA.G.Muguntha Narayanan (Internal Auditor at TVS Motors) (2195 Points)
Replied 21 January 2010

hi deepika,

Please refer RULE 11 of the CENTRAL EXCISE RULES,2002, as per which

the original invoice has to be sent to the department. Cancelation of Excise invoice shoud be intimated to Suprintendent on the same day or if not possible on the next day

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