banner_ad

excise credit on purchase return

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 February 2010 purchase goods worth Rs.7500/- for 3 Nos.

Paid for the same Rs.8694/- (i.e.including Excise & VAT

Now if we return 2 Nos. only by way of issuing Debit Note for Rs.5000/- only, whether we can take Excise credit on returned goods
Profile Image

Madhukar N Hiregange

Profile Image

Madhukar N Hiregange (Expert)
19 February 2010 The inputs used in or in relation to manufacture only are eligible for credit. Goods which are returned are not eligible unl;ess they are repaiered/ reprocessed and received back.
Profile Image

ajay taneja

Profile Image

ajay taneja (Expert)
02 June 2010 No, u can not take credit on returned goods. u have to reverse the duty of 2 no.'s
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details