excise duty reimbursement on price variation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2010
How the credit of excise duty paid on behalf of customer can be availed when there is no supporting evidence since the invoice raised in this regard does not have transfer of goods.
23 November 2010
In case of price variation your supplier of raw material or capital goods has to raise the Supplimentary invoice showing Excise duty by them. Then only you can avail Credit even though no material is tranferred. Credit is not allowed on Credi/ Debit Notes.
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