Cenvat credit on self invoices
This query is : Resolved
Shrirang Galgali
(Querist)
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?
CA.Sourabh Sethia
(Expert)
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
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Shrirang Galgali
(Querist)
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
Arun Kumar Singh
(Expert)
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.
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