Excise duty reversal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2015
when we making sale of excisable machinery we paid duty on that item when it was returned by customer is it possible for reversal of this paid duty
how ever if we did not take reversal excise duty on that returned item and we made sale to another customer is it mandatory to collect excise duty against
pls help me to understand
how ever if we did not take reversal excise duty on that returned item and we made sale to another customer is it mandatory to collect excise duty against
pls help me to understand
Arun Kumar Singh
(Expert)
04 November 2015
If you have taken the cenvat credit then you need to reversal of credit otherwise no need to reversal of credit. You can sale the goods to any person.
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