Excise reversal on Sales return
This query is : Resolved
31 May 2011
Dear Sir,
If our customer sending back rejected material out of sold material on GOODS RETURN NOTE CUM INVOICE mentioning excise amt and VAT amt on it. Can we reverse the excise amt? the customer is a trader. he is not availing CENVAT credit. so he can not provide Excise Inv for rejection.
Pl do the needful.
Thanks.
If our customer sending back rejected material out of sold material on GOODS RETURN NOTE CUM INVOICE mentioning excise amt and VAT amt on it. Can we reverse the excise amt? the customer is a trader. he is not availing CENVAT credit. so he can not provide Excise Inv for rejection.
Pl do the needful.
Thanks.
01 June 2011
Yes credit under rule 16 is available. The returned goods would be removed again on payment of equivalent duty if not processed again.
If manufactured again then under fresh invoice.
If manufactured again then under fresh invoice.
01 June 2011
Dear Madhukar ji,
Thanks for the reply.
Can we take credit on 'GOODS RETURN NOTE CUM INVOICE'. it is not an excise doc. but we are going to resend the material on fresh inv. pl reply
Thanks for the reply.
Can we take credit on 'GOODS RETURN NOTE CUM INVOICE'. it is not an excise doc. but we are going to resend the material on fresh inv. pl reply
01 June 2011
You can take back your copy of excisable invoice with a note from your purchaser that the consignement is rejected and send back to you.
You have to keep all copies of your Exciable Invoice alongh with customer's customer's Goods Return Note cum Invoice
You have to keep all copies of your Exciable Invoice alongh with customer's customer's Goods Return Note cum Invoice
01 June 2011
Dear Suren,
But our customer is not ready to send back excise copy.
thanks fr the reply
But our customer is not ready to send back excise copy.
thanks fr the reply
02 June 2011
you have not mentioned your role in excise, manufacturer i guess.
under the circumstances what is your stand for customer, replace / rectify the goods and resend the same? if you want to replace / remanufacture, then get the goods under repair challan and send back on the strength of that only, the origincal invoice will stand valid.
if you want to square up the transaction, then the client has to sent back the excise copies of invoice, and you have to intimate your R/O regarding return of goods within 24 hrs of receipt of goods, he will verify the facts, documents and if needed he may depute officer to verify the return goods in physical form, and would allow u permission to take credit back in RG-23A-Part-II
under the circumstances what is your stand for customer, replace / rectify the goods and resend the same? if you want to replace / remanufacture, then get the goods under repair challan and send back on the strength of that only, the origincal invoice will stand valid.
if you want to square up the transaction, then the client has to sent back the excise copies of invoice, and you have to intimate your R/O regarding return of goods within 24 hrs of receipt of goods, he will verify the facts, documents and if needed he may depute officer to verify the return goods in physical form, and would allow u permission to take credit back in RG-23A-Part-II
02 June 2011
Dear Sharmaji,
Thanks for ur reply.
u r correct we r manufacturer. As per ur suggestion, customer has to send back the excise copies. but our customer is not ready to return the excise copies. it this case what should we do? if there is any rule / case law pl give ref.
pl reply.
thanks
Thanks for ur reply.
u r correct we r manufacturer. As per ur suggestion, customer has to send back the excise copies. but our customer is not ready to return the excise copies. it this case what should we do? if there is any rule / case law pl give ref.
pl reply.
thanks
04 June 2011
Expert Mr. Sharma is correct. You have to be very carefull and keep all records properly includin inward GR/Parties letter rejecting the goods and all relevant records to prove that the goods have actually received back and accounted for in your books.
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