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Credit of Excise duty in case of sales return

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(Querist)
18 May 2010 Hi

Whether credit of excise duty paid for sales which is subsequently returned is available? If yes, what are the conditions to be satisfied?
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Kishor Darole

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Kishor Darole (Expert)
20 May 2010 Hello,
You can take Cenvat credit on returned sales Finished Goods maerial based on the Tax Invoice under Rule 16 of C.Excise. Rejection Register U/R.16 is required to maintain for local & For Export, you can add as Production in DSR/RG-1.
Stock is required to monitored for Rejection & during sales, availed equal or proportionate cenvat credit is required to Reverse.

Regards/ Kishor
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