Warranty replacement
This query is : Resolved
14 November 2014
Dear Eminent Experts
Need Your guidance on following issue:-
We are Manufacturer of Auto Components and Supply to Two Wheeler Manufacturers.
Our Manufactured parts are sold on warranty for three years. Within warranty period any if defect found our Customer send us the part on DELIVERY CHALLAN CUM DEBIT NOTE and does not pay excise duty as goods removed on DC.
We only Credit the customers account and dont give any replacement, as customer has already debited our Account in their books.
Under the given circumstances could you highlight the excise implication on our Organisations
Need Your guidance on following issue:-
We are Manufacturer of Auto Components and Supply to Two Wheeler Manufacturers.
Our Manufactured parts are sold on warranty for three years. Within warranty period any if defect found our Customer send us the part on DELIVERY CHALLAN CUM DEBIT NOTE and does not pay excise duty as goods removed on DC.
We only Credit the customers account and dont give any replacement, as customer has already debited our Account in their books.
Under the given circumstances could you highlight the excise implication on our Organisations
14 November 2014
No implication. Your company has already paid the excise at the time of removal of goods.
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
OR add as source on Google news
- US CPA Course
- GST audit turnover threshold
- Balance sheet for ITR-3
- Rebate Under 87A Issue
- TDS deducted US 194JB can file ITR US 44ada
- Stamp duty on acquisition
- Form 13 lower TDS deduction certificate u/s 197
- Freelance Business code
- 54F disallowance taxed at what rate
- How to show LTCG with Indexation Mutual Funds in ITR-3?
- Individual received money from father need to show in itr
- Cash deposit in individual account more than one crore in FY24-25
- Crumb Rubber
- HUF Gifts
- Need Help for US CPA
- Self assessment tax amount
- ITC Liability on Capital Goods on death of Proprietor (GTA)
- Subject: Clarification on Applicability of E-Invoicing and 30-Day Reporting Requirement under GST
- GOODS SENT TO INTERSTATE BRANCH FOR EXHIBITION ON DELIVERY CHALLAN & GOODS RETURN BACK
- TRUST QUERY INCOME APPLIED
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
