Treatment of excise in case of sales return.
This query is : Resolved
21 August 2012
What will be the treatment of Excise Duty in case of sale return? What will be the treatment of Excise duty paid by PLA or RG-23 A or C, during initial sale ?
21 August 2012
1)sales return must be on invoice from buyer,
2) within 24 hrs of such receipt, you have to intimate the R/O
3) you can take credit in RG-23A part 2 of the original duty paid on the strength of the invoice received from buyer.
2) within 24 hrs of such receipt, you have to intimate the R/O
3) you can take credit in RG-23A part 2 of the original duty paid on the strength of the invoice received from buyer.
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