revert back of cenvat
This query is : Resolved
14 May 2009
we are mfg/exporter.we have sold the material to our domestic party (trader)in 07-08.we raised the cenvatable invoice
now party is returning the partly material
on the dabit not and also returning our cenvatable invoice(which we raised at the time of sale)
my query is that can we take cenvat credit on the basis of dabit not or our cenvatable invoice only for the return material
pls advice
now party is returning the partly material
on the dabit not and also returning our cenvatable invoice(which we raised at the time of sale)
my query is that can we take cenvat credit on the basis of dabit not or our cenvatable invoice only for the return material
pls advice
14 May 2009
Yes. You are eligible for credit under Rule 16 of Central Excise Rules.
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