Dear Experts,
We have raised an excise invoice wiht wrong Excise duty and cleared the goods after making proper entries in gate. However, now we realise that the correct excise rate is lower than the one we charged. Can we cacel the excise invoice at this stage? What is the correct procedure to raise a fresh invoice with lower duty. Kindly give your opinion.
In this regard correct procedure that is you should make the defferencial amount and qty. invoice.
CA Suraj Garg & Associates
New Delhi
CA Final
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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Krea University
Chennai
CA
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Shyam S Gupta and Company
New Delhi
CA Inter
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CCI
Pro
CAclubindia
