Cenvat credit on self invoices
This query is : Resolved
11 August 2012
A Company has cleared goods on payment of duty. Subsequently the material was called back before the material reaches the customers location. Can we avail cenvat credit on self documented invoice, please explain?
11 August 2012
Yes You can if the materials are brought back for any re-work the company can avail the Cenvat and after removal will again have to pay the amount of duty
Under Rule 16
but if after any re-work the process amounts to manufacture then in case of removal excise duty would be payable at the rate as on that date of removal
Under Rule 16
but if after any re-work the process amounts to manufacture then in case of removal excise duty would be payable at the rate as on that date of removal
Message likes :
1 times
11 August 2012
Thank you much.
One more clarification.
If the material has been rejected by the customer and sent back. The rejected material on receipt at our end was scrapped. Can we avail cenvat credit on the rejected material sent by our customer
One more clarification.
If the material has been rejected by the customer and sent back. The rejected material on receipt at our end was scrapped. Can we avail cenvat credit on the rejected material sent by our customer
13 August 2012
yes you can take the cenvat credit on the duty paid goods. But depend upon the products because duty will be applicable on scrap also.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- IT returns for fresh job holders
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
