13 February 2013
We have sold goods to a unit in SEZ out of the 5 sales 2 sales are made with out duty and 3 sales are made with payment of excuse duty. All the 5 Sales have been rejected. the unit raised the invoice by imposing the excise duty on all 5 sales. Against the 3 duty paid sales we have claimed for rebate. My request is whether we have to take in to account the excised duty against the 5 sales or against the duty paid sales.
Please the explaing the excise and accounting procedures.
15 February 2013
Dear Friend Duty reversal is allowed only on those sale which was sold with duty . You can't avail the credit of the sales return that was sold by you without duty and returned to you with duty .
CAclubindia
