Removal of inputs as such
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2013
Dear All,
We are an excise exempted unit. We purchased Polyster from Reliance on which we did not take any credit of Excise. Now the same goods we want to return back to Reliance. What is the correct method for it??
Should we bill it to Reliance? If billed then what is the treatment of Excise??
Please guide with Supporting Notification/Rule (if any)
We are an excise exempted unit. We purchased Polyster from Reliance on which we did not take any credit of Excise. Now the same goods we want to return back to Reliance. What is the correct method for it??
Should we bill it to Reliance? If billed then what is the treatment of Excise??
Please guide with Supporting Notification/Rule (if any)
Arun Kumar Singh
(Expert)
11 July 2013
You will removed the goods as such on challan and make the remarks on challan. no need to issue invoice. No need to reverse the cenvat credit because you are an exempted unit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
