Excise treatment on rejected goods
This query is : Resolved
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
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
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.
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