We are receiving back excisable goods once sold, now as field rejections. These sales returns are not being returned under the cover of excise documents. In 99% of the cases these goods are scraped only & no further process is carried on these goods except for analysis for finding faliure causes.
My questions -
1. Can i take Cenvat Credit on these items (not comes with prescribed document)
2. Is it beneficial in some or other manner to take the Cenvat Credit as anyways almost all of them are scrapped because as per Rule 16 we have to pay the amount taken earlier as credit & on disposal of scrap again pay the duty if any.
Please suggest.
CAclubindia
