04 December 2015
My company sold finished goods to customer who is not registered with excise deptt. after 3 month he rejected our material. My Question: Weather we can reverse CENVAT? Facts: 1) 100% material rejected. 2) Material not Return.(Destroyed by customer) 3) Debit not issued by Customer. (100% reverse entry)4)Material Short Received 5)Full Billed material not returned by Customer
04 December 2015
You can take the cenvat credit of rejected goods even if you have received the goods after few moths but rejected goods should be return to your premises along with your own invoice.
CAclubindia
