Debit note against shortage
This query is : Resolved
Rakesh Sharma
(Querist)
03 August 2013
We are the manufacturer of Lead Alloy & Pure Lead & imported goods from U.A.E & paid custom duty & taken credit of CVD & SAD. But 3 days later, we found 320 Kgs. goods short after weightment.
My query is - When we raise debit note of shortage, should we reverse CVD & SAD proportionately.
If we assume all the conditions, when we purchase goods within India.
Experts are requested to please solve this query.
Thanks.
My query is - When we raise debit note of shortage, should we reverse CVD & SAD proportionately.
If we assume all the conditions, when we purchase goods within India.
Experts are requested to please solve this query.
Thanks.
Arun Kumar Singh
(Expert)
08 August 2013
In case of Short receipt of material you should raise debit note with Excise duty as you are not entitled to take cenvat credit of material short received/Not received.
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