X Ltd. had sold the goods to Y Ltd. in Uttarkhand by Charging the Excise duty.. However Y Ltd. is not availing the Cenvat credit & utilising exemption under notification 50/2003 for Excise duty. But unfortunately Y Ltd rejected the material on D.C...
The quastion is that, how X Ltd. can avail the Cenvat Input on rejected material by Y ltd on D.C.? ( Yltd has not prepared Sales Invoice)
What will be required Supporting Documants? & necessary action to be taken?
Dear no problem. Y Ltd will send the rejected materials to X Ltd with a rejection note and along with the excise Invoice which was given by X Ltd.Besides that LR copy must be attached there if necessary. The rest Qty will be reced by X Ltd and will take proportionate CENVAT Credit on the strength of excie Invoice.
Thnx
A. Mukherjee
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