Dear Expert
We are dealing in product in which final product contains moisture. In case of one of the customer the goods were to be delivered at the port and from there it was the responsibility of the buyer to carry the goods through barge to its work place. The consignment was fixed for predetermined quantity. The material dispatched from our factory (through excise invoice) was slightly more (around 10 mt more) than the said quantity and hence was returned back to the factory from the port.
The final quantity is decided on the basis of bill of lading issued at the time of sailing of vessel and hence chances of excess material dispatched from the factory is quite high.
Pl note that unlike typical case of sales return in this case no “purchase return excise invoice” was issued by the customer.
Pl advice the excise treatment for the said return of goods.
Whether we need to inform he excise department for this by a letter.
Regards
CAclubindia
