Cenvate credit on debit note

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ishwar (Querist)
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10 October 2012 Excise Duty Credit on Debit Note issued by consingee for some percentage goods breakage and rejection, no separate value calculation in debit note only total value shown.

Example

Total Qty Dispatch 500 Nos. @ rs.10/- Value Rs. 5000/- + Excise Duty @ 12.36% = Rs. 618/- + CST 2% = Rs. 112/- Total Bill Value Rs. 5730/-. party send Debit Note for Rs. 573/- (10% breakages)

ishwar

ishwar (Querist)
Follow

10 October 2012 Excise Duty Credit on Debit Note issued by consingee for some percentage goods breakage and rejection, no separate value calculation in debit note only total value shown.
Example T
otal Qty Dispatch 500 Nos. @ rs.10/- Value Rs. 5000/- + Excise Duty @ 12.36% = Rs. 618/- + CST 2% = Rs. 112/- Total Bill Value Rs. 5730/-.
party send Debit Note for Rs. 573/- (10% breakages)

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