About Excise CENVAT CREDIT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2010
Dear Sir,
Please Can you tell me that When We manufactured 100 Pcs any Excicable Item after that we sale 50 Pcs to Party and I will pay Excise Duty on 50 Pcs but after some time Party 25 Pcs Return Back so Can I adjusted CENVAT CREDIT or / Not. Please Tell me .
Please Can you tell me that When We manufactured 100 Pcs any Excicable Item after that we sale 50 Pcs to Party and I will pay Excise Duty on 50 Pcs but after some time Party 25 Pcs Return Back so Can I adjusted CENVAT CREDIT or / Not. Please Tell me .
05 July 2010
excise duty paid on the 25 pcs is refunded alongwith the sale value of the goods.hence the amount is reversed to cenvat credit.
Ajay Raghatate
(Expert)
31 July 2010
You have to take cenvat credit against Goods return from customers, as Input. for 25 pcs.
Second point is that, whenever goods returned from customers, you should inform to Excise Dept within 24 hrs. in prescribed form.
Second point is that, whenever goods returned from customers, you should inform to Excise Dept within 24 hrs. in prescribed form.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
