Sales Return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2011
What is the procedure of sales return in diffrent cases :
1.Party is a Manufactuter cum exporter dispatched goods as a direct sale
2.Party is a Manufactuter cum exporter dispatched goods to stockyard for sale
3.Party is a Manufacturer cum Merchant exporter dispatched goods to stockyard for sale
4.Party is a Manufacturer cum Merchant exporter dispatched goods for export
1.Party is a Manufactuter cum exporter dispatched goods as a direct sale
2.Party is a Manufactuter cum exporter dispatched goods to stockyard for sale
3.Party is a Manufacturer cum Merchant exporter dispatched goods to stockyard for sale
4.Party is a Manufacturer cum Merchant exporter dispatched goods for export
26 May 2011
1. direct sold goods must be returned to seller under invoice cover, to claim back the excise paid so.
2. from stockyard / depot he can return goods to factory, on original clearance documents, along with the return documents.
3. for goods cleared from self factory process 2, for merchant exporter he has to return back the goods with original ARE1 and invoice cover to principal manufacturer.
4. goods despatched under ARE1 should be returned under ARE1 cover.
in all cases the assessee has to intimate the R/O of factory of clearance the details of goods returned, with copy of documents and valid reason of return, WITHIN 24 HOURS OF RECEIPT OF GOODS AT FACTORY.
R/O may allow the returned goods and credit of duty / discharge of bond on verification ( may visit the factory or appoint inspector to verify the goods in accordance with the documents)
2. from stockyard / depot he can return goods to factory, on original clearance documents, along with the return documents.
3. for goods cleared from self factory process 2, for merchant exporter he has to return back the goods with original ARE1 and invoice cover to principal manufacturer.
4. goods despatched under ARE1 should be returned under ARE1 cover.
in all cases the assessee has to intimate the R/O of factory of clearance the details of goods returned, with copy of documents and valid reason of return, WITHIN 24 HOURS OF RECEIPT OF GOODS AT FACTORY.
R/O may allow the returned goods and credit of duty / discharge of bond on verification ( may visit the factory or appoint inspector to verify the goods in accordance with the documents)
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