Claim of excise duty paid on sales returns
This query is : Resolved
keerthi g kulkarni
(Querist)
12 June 2012
Hi all
Can any one tell whether credit can be claimed on sales returns happened in the year 2011 -12 from the month of Nov 11 to Jan 12, the current year 2012-13?? If yes what is the procedure for claiming duty amount paid in excess.
Hi all
Can any one tell whether credit can be claimed on sales returns happened in the year 2011 -12 from the month of Nov 11 to Jan 12, the current year 2012-13?? If yes what is the procedure for claiming duty amount paid in excess.
Madhukar N Hiregange
(Expert)
14 June 2012
The duyt of excise on goods returned is available in full.
Subsequentlyly 2 possibilities:
1. Same goods resold/ removed- duty reversal of duty credit.
2. Goods remanufactured/ reprocessed and then sold- duty payable on value of sale whether more/ less.
Subsequentlyly 2 possibilities:
1. Same goods resold/ removed- duty reversal of duty credit.
2. Goods remanufactured/ reprocessed and then sold- duty payable on value of sale whether more/ less.
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