Goods received on the basis of challan
This query is : Resolved
CA Jitendra Jain
(Querist)
13 October 2011
A manufacturing company procure excisable goods from another company on the basis of challan say goods received on26.9.2011 (gate pass) & excise in voice shows removal of goods on 10.10.2011... the company took excise credit on the basis of DFT on 10.10.2011...
Now the question is what type of problems the manufaturing unit can face regarding procuring goods on challan basis..Will such procurement will be treated as Illegal??
Now the question is what type of problems the manufaturing unit can face regarding procuring goods on challan basis..Will such procurement will be treated as Illegal??
U S Sharma
(Expert)
14 October 2011
the authentic document for movement of excisable goods is "duplicate copy of invoice" any other document is invalid.
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