Cenvat Credit
This query is : Resolved
18 June 2011
We are selling duty paid goods and in one case we sold 10 ton duty paid materail to one party and due to Quality complaint they returned 5 ton material. Now we have to take back duty on 5 ton material how can i assure that the party has reveresed the cenvat credit?In case they dont reverse the Cenvat credit wht is the position or responsiblity of seller ie our company?
U S Sharma
(Expert)
19 June 2011
the party has to issue invoice for 5 ton of returned goods, and mention the duty reversal in that invoice, indicating the original invoice reference,
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