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.
Rupesh Jain
(Expert)
03 August 2013
yes you have to reverse the credit ot cCVD & SAD
Rakesh Sharma
(Querist)
03 August 2013
Sir, please provide any case law in this regard.
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