Cenvat credit of goods rejected by customers
This query is : Resolved
Rithin Cheeniyil
(Querist)
04 September 2013
Dear Experts,
We manufacture customised products as per customer's order and design.
There are situations like rejection of goods (1) which can be rectified by re-work and (2) complete rejection of goods i.e. goods will be scrapped.
Can we take CENVAT credit on rejected material in both above said conditions?
Thanking you,
Rithin
We manufacture customised products as per customer's order and design.
There are situations like rejection of goods (1) which can be rectified by re-work and (2) complete rejection of goods i.e. goods will be scrapped.
Can we take CENVAT credit on rejected material in both above said conditions?
Thanking you,
Rithin
Arun Kumar Singh
(Expert)
05 September 2013
Where any goods on which duty had been paid at the time of removal thereof are brought to any factory for being re-made, refined, re-conditioned or for any other reason, the assessee shall state the particulars of such receipt in his records and shall be entitled to take CENVAT credit of the duty paid as if such goods are received as inputs under the CENVAT Credit Rules, 2002 and utilise this credit according to the said rules.
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