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Rate???????

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(Querist)
06 October 2012 Hello friends & members , We have sold goods on 27.02.12 to X party on this day excise rate was prevalling 10%, after that said party rejected the said goods & returned us by invoicing @ 12% excise rate on 29.08.012. Query is that they did right or wronge, means what rate they need to mention in invoice 10% OR 12%?????pls advice with necessary rules & section................. Thanks & regards- Lokesh Pokharna

Read more at: https://www.caclubindia.com/forum/what-excise-rate-to-be-taken-on-sales-return--223083.asp#.UHBvHZjA9HU
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
07 October 2012 The return "as such" under CCR is only at the equivalent amount of credit availed. Therefore it should have been only 10%.
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