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Excess quantity received

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 November 2011 Hi!

What s the best way to account for excess quantity of material received than specified in Excise invoice.

we are requesting the vendor to give seperate invoice for the excess material. But it is taking lot ot time to issue.

Can we issue credit note for the excess material received? How far it is justified as far as CENVAT Rules are concerned?
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U S Sharma

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U S Sharma (Expert)
09 November 2011 such excess materials does not belong to you, unless proper invoice is issued. if invoice is not received by you, you have to return back the excess quantity.
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 November 2011 If i felt that in future that excess qty might be useful for me so i m gonna retain them with me. What shall i do now?
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