Regarding cer 2002
This query is : Resolved
18 February 2016
Rule 16 R-16A sold goods To B [ 1,00,000 10000(ED) ] on 10th April . On 6th may A Paid ED to govt. . B returned the goods on 12th may , A accepted goods as THEY WERE IN PERFECT CONDITION to be sold to some other party at same price , and gave only ₹1,00,000 to B ,stating I won't give ED back to you . Will A still have the right to book the credits in his books , and B liable to remove the credits from his books.? Although it will be UNJUST
Arun Kumar Singh
(Expert)
20 February 2016
You can take the cenvat credit on return goods and pay the duty at the time of removal.
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