Cenvat Credit on line Rjection Material
This query is : Resolved
Rajinder Ahuja
(Querist)
02 January 2010
I HAVE SOLD SOME MATERIAL TO MY CUSTOMER FOR 100000/- AND WHILE PROCESSING ON THE MATERIAL THEY REJECTED THE MATERIAL AND SEND IT BACK TO US ON SALE INVOICE MENTIONING LINE REJECTION.AFTER CHARGING EXICSE DUTY
PLEASE TELL ME CAN I TAKE CENVAT CREDIT ON LINE REJECTION MATERIAL
PLEASE TELL ME CAN I TAKE CENVAT CREDIT ON LINE REJECTION MATERIAL
ANIL JANGID
(Expert)
02 January 2010
YES YOU CAN TAKE CENAVT.
Rajinder Ahuja
(Querist)
02 January 2010
Thaks mr. Anil
is there any case study which shows that cenvat credit can be taken on the material which is recived as line rejection
because our Excise audit team has denied for this credit and disallow all the credit and they have charged the interest also
is there any case study which shows that cenvat credit can be taken on the material which is recived as line rejection
because our Excise audit team has denied for this credit and disallow all the credit and they have charged the interest also
ANIL JANGID
(Expert)
02 January 2010
but goods should be under cover of excise invoice then you can take cenvat credit.
Rajinder Ahuja
(Querist)
02 January 2010
Yes, goods are covered under excise invoice
ANIL JANGID
(Expert)
02 January 2010
Excise audit team has denied for this credit and disallow all the credit and they have charged the interest also so
Please give detail under which rule they disallow of credit and charging intrest?
Please give detail under which rule they disallow of credit and charging intrest?
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