Repairing of sales return finished goods
This query is : Resolved
01 January 2013
Dear Sir,
We would like to know what treatment should be given as per Cnetral Excise Act to inputs used in repairing of Sales return finished goods.
Is it required to reverse cenvat credit availed on inputs which are used in repairing of sales returned finished goods?
Regards,
Gaurav G Badwe
Cost and Management Accountants
We would like to know what treatment should be given as per Cnetral Excise Act to inputs used in repairing of Sales return finished goods.
Is it required to reverse cenvat credit availed on inputs which are used in repairing of sales returned finished goods?
Regards,
Gaurav G Badwe
Cost and Management Accountants
02 January 2013
Rule 16 of Central Excise Rules, 2002 will apply here. If goods are returned in original packed condition alongwith original invoice then credit can be availed on such document.
The assessee may receive the goods for being re-made , refined, re-conditioned or for any other reason and may remove the goods subsequently.
There is no need to reverse the cenvat credit availed on inputs which are used in repairing of sales returned finished goods.
The assessee may receive the goods for being re-made , refined, re-conditioned or for any other reason and may remove the goods subsequently.
There is no need to reverse the cenvat credit availed on inputs which are used in repairing of sales returned finished goods.
18 January 2013
Yes I agree with the expert
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
