Credit
Querist : Anonymous
i purchase raw material from different manufacturer and take EXCISE credit on them and i also allow 10% tolerance(normal loss) so i use to pay for whole amount but i take excise credit only on actual received not on whole quantity
e.g qty received 100 ton excise charged rs 10000 now actual received 99 ton but i pay manufacturer for 100 ton so amount of excise can be avail 9900 or 1000
sir is you know any case study related to this so please give reference
Querist : Anonymous
please give me section reference or any case law so that i can prove it at audit place
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