Clearance of excise on purchase return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2014
Dear sir ,
we are contract manufacturer of auto parts and our raw material (c i casting ) is totally excisable , sometime we have to return material due to some quality reason .
when we return goods (purchase ret)we have to clear duty by sale invoice nd invoice is also needed for transportation purpose , and purchase return is wrongly booked in sales every time .
please suggest the way in which supplier can take the modvat and transporter got no problem in transit .
we are contract manufacturer of auto parts and our raw material (c i casting ) is totally excisable , sometime we have to return material due to some quality reason .
when we return goods (purchase ret)we have to clear duty by sale invoice nd invoice is also needed for transportation purpose , and purchase return is wrongly booked in sales every time .
please suggest the way in which supplier can take the modvat and transporter got no problem in transit .
30 May 2014
under excise if you are reject the goods and sent back to seller then seller take credit on your invoice or his invoice when you mark rejected and affix his stamp with sign and your stamp.
there is only above two way. other wise your seller not take credit of cenvat.
there is only above two way. other wise your seller not take credit of cenvat.
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