Excise entry in our books

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 February 2012 Dear Sir,

we import electronic componts for Mfg Elect goods & we send these for some job work to a party but now we want to sell those to same party who taken for job work.
Already shown as purchase in excise return
• How to show now in excise return
• How to make invoice to them

02 February 2012 It is a case of as- such clearance, In subsequent period return you may show it as As-such clearance under Rule 4(5) of Cenvat Credit Rules, 2004

As per this Rule:

(1) Cenvat credit if already taken in respect of these components, these has to be reversed.

(2) As-such clearance shall be made under Cover of Invoice referred in Rule 9 of CCR, 2004

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 February 2012 thanks for your valuable information


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