Excise treatment on rejected goods

This query is : Resolved

Vipin Kumar Sharma (Querist)
Follow

02 August 2013 DEAR SIR

WE ARE PVT LTD CO. REGISTERD IN EXCISE. 200 PCS REJECTED ON MACHINES BY OPERATORS. WHAT WILL BE TREATMENT IN STOCK, & HOW WE WILL CLEAR THESE PCS.

THANKS & REGARDS

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

05 August 2013 Material supplied by supplier is rejected. This to be sent back to the supplier for rework and return. The material can be returned under procedure prescribed under rule 4(5)(a) of cenvat credit rules. If the material is totally rejected and cannot be worked, it will have to be removed from factory on payment of amount equal to excise duty paid on those input/capital goods.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vimlesh kumar

nitin

CA K GIRIDHAR

raval umesh

Suvigya Tiwari

Subscribe Now

Excise treatment on rejected goods

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

CA Final

GST CONSULTANCY

Accountant

Senior Executive